Disney's (DIS) Q2 Results Not as Bad as it Looks, Says Deutsche Bank
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The Walt Disney Company Reports Second Quarter and Six Months Earnings for Fiscal 2016
May 10, 2016 4:16 PM EDTBURBANK, Calif.--(BUSINESS WIRE)-- The Walt Disney Company (NYSE: DIS) today reported quarterly earnings of $2.1 billion for its second fiscal quarter ended April 2, 2016, an increase of $35 million over the prior-year quarter. Diluted earnings per share (EPS) for the quarter increased 6% to $1.30 from $1.23 in the prior-year quarter. Excluding certain items affecting comparability(1), EPS for the quarter increased 11% to $1.36. EPS for the six months ended April 2, 2016 increased 22% to $3.04 from $2.50 in the prior-year period. Excluding certain items affecting comparability(1), EPS for the six months increased 20%.
Were very pleased with our overall results in Q2, which... More
