Walt Disney (DIS) Tops Q2 EPS by 3c, Sales Beat

May 7, 2013 4:16 PM EDT
(Updated - May 7, 2013 4:19 PM EDT)

Walt Disney (NYSE: DIS) reported Q2 EPS of $0.79, $0.03 better than the analyst estimate of $0.76. Revenue for the quarter came in at $10.55 billion versus the consensus estimate of $10.48 billion.

"With adjusted earnings per share up 36% over last year, we're obviously pleased with our second quarter," said Robert A. Iger, Chairman and CEO, The Walt Disney Company. "Our results reflect our successful strategy, the strength of our brands and the value of our high-quality creative content, all of which continue to drive long-term growth and shareholder value."

Operating income at Cable Networks increased $224 million to $1.7 billion for the quarter due to growth at ESPN.

Operating income at Broadcasting decreased $91 million to $138 million for the quarter due to higher primetime programming costs and a decrease in advertising revenue at the ABC Television Network, partially offset by an increase in advertising revenue at the owned television stations.

Parks and Resorts revenues for the quarter increased 14% to $3.3 billion and segment operating income increased 73% to $383 million. Results for the quarter were driven by increases at our domestic operations and, to a lesser extent, at our international operations.

Studio Entertainment revenues increased 13% to $1.3 billion and segment operating income increased $202 million to $118 million.

Consumer Products revenues increased 12% to $763 million and segment operating income increased 35% to $200 million.

Interactive revenues for the quarter increased 8% to $194 million and segment operating results improved by $16 million to a loss of $54 million.

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


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