Macquarie Upgrades Walt Disney (DIS) to Outperform
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The Walt Disney Company Reports Third Quarter and Nine Months Earnings for Fiscal 2016
August 9, 2016 4:16 PM EDTBURBANK, Calif.--(BUSINESS WIRE)-- The Walt Disney Company (NYSE: DIS) today reported quarterly earnings of $2.6 billion for its third fiscal quarter ended July 2, 2016, an increase of $114 million over the prior-year quarter. Diluted earnings per share (EPS) for the quarter increased 10% to $1.59 from $1.45 in the prior-year quarter. Excluding certain items affecting comparability(1), EPS for the quarter increased 12% to $1.62 from $1.45 in the prior-year quarter. EPS for the nine months ended July 2, 2016 increased 17% to $4.63 from $3.95 in the prior-year period. Excluding certain items affecting comparability(1), EPS for the nine months increased to $4.61 from $3.95 in the prior-year period.
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