Disney (DIS) Misses Q2 EPS by 4c, Sale Miss
(Updated - May 10, 2016 4:19 PM EDT)
(Update corrects revenue)
Disney (NYSE: DIS) reported Q2 EPS of $1.36, $0.04 worse than the analyst estimate of $1.40. Revenue for the quarter came in at $13.0 billion versus the consensus estimate of $13.19 billion.
"We're very pleased with our overall results in Q2, which marks our 11th consecutive quarter of double-digit growth in adjusted EPS," said Robert A. Iger, chairman and chief executive officer, The Walt Disney Company. "Our Studio’s unprecedented winning streak at the box office underscores the incredible appeal of our branded content, which we continue to leverage across the entire company to drive significant value. Looking forward, we are thrilled with the Studio’s slate and tremendously excited about the June 16th grand opening of the spectacular Shanghai Disney Resort."
The following table summarizes the second quarter and six-month segment operating results for fiscal 2016 and 2015 (in millions):
| Quarter Ended | Six Months Ended | ||||||||||||||||||||||
| April 2,2016 | March 28,2015 | Change | April 2,2016 | March 28,2015 | Change | ||||||||||||||||||
| Revenues: | |||||||||||||||||||||||
| Media Networks | $ | 5,793 | $ | 5,810 | -- | % | $ | 12,125 | $ | 11,670 | 4 | % | |||||||||||
| Parks and Resorts | 3,928 | 3,760 | 4 | % | 8,209 | 7,670 | 7 | % | |||||||||||||||
| Studio Entertainment | 2,062 | 1,685 | 22 | % | 4,783 | 3,543 | 35 | % | |||||||||||||||
| Consumer Products & Interactive Media | 1,186 | 1,206 | (2 | )% | 3,096 | 2,969 | 4 | % | |||||||||||||||
| $ | 12,969 | $ | 12,461 | 4 | % | $ | 28,213 | $ | 25,852 | 9 | % | ||||||||||||
| Segment operating income: | |||||||||||||||||||||||
| Media Networks | $ | 2,299 | $ | 2,101 | 9 | % | $ | 3,711 | $ | 3,596 | 3 | % | |||||||||||
| Parks and Resorts | 624 | 566 | 10 | % | 1,605 | 1,371 | 17 | % | |||||||||||||||
| Studio Entertainment | 542 | 427 | 27 | % | 1,556 | 971 | 60 | % | |||||||||||||||
| Consumer Products & Interactive Media | 357 | 388 | (8 | )% | 1,217 | 1,089 | 12 | % | |||||||||||||||
| $ | 3,822 | $ | 3,482 | 10 | % | $ | 8,089 | $ | 7,027 | 15 | % | ||||||||||||
For earnings history and earnings-related data on Disney (DIS) click here.