Walt Disney (DIS) Tops Q1 EPS by 13c

February 5, 2014 4:16 PM EST
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Price: $173.97 +0.90%

EPS Growth %: +31.7%

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Income taxes: -989M

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(Updated - February 5, 2014 4:21 PM EST)

Walt Disney (NYSE: DIS) reported Q1 EPS of $1.04, $0.13 better than the analyst estimate of $0.91. Revenue for the quarter came in at $12.31 billion versus the consensus estimate of $12.23 billion.

Media Networks

Media Networks revenues for the quarter increased 4% to $5.3 billion and segment operating income increased 20% to $1.5 billion. The following table provides further detail of the Media Networks results (in millions):

Parks and Resorts

Parks and Resorts revenues for the quarter increased 6% to $3.6 billion and segment operating income increased 16% to $671 million. Operating income growth for the quarter was primarily due to increased guest spending at our domestic parks and resorts, which reflected higher average ticket prices and food, beverage and merchandise spending. The increase in guest spending was partially offset by higher costs for the continued roll out of MyMagic+ and labor and other cost inflation, partially offset by lower pension and postretirement medical costs.

Studio Entertainment

Studio Entertainment revenues increased 23% to $1.9 billion and segment operating income increased 75% to $409 million. Higher operating income was due to an increase in worldwide theatrical distribution results and, to a lesser extent, increases in domestic home entertainment and television/subscription video on demand (TV/SVOD) distribution.

Consumer Products

Consumer Products revenues increased 11% to $1.1 billion and segment operating income increased 24% to $430 million. Higher operating income was due to increases at our Merchandise Licensing and Retail businesses.

For earnings history and earnings-related data on Walt Disney (DIS) click here.


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