Disney (DIS) Tops Q1 EPS by 28c, Revenue Light

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The Walt Disney Company Reports First Quarter Earnings for Fiscal 2018

February 6, 2018 4:05 PM EST

BURBANK, Calif.--(BUSINESS WIRE)-- The Walt Disney Company (NYSE: DIS) today reported quarterly earnings for its first fiscal quarter ended December 30, 2017. Diluted earnings per share (EPS) for the quarter increased 88% to $2.91 from $1.55 in the prior-year quarter. Excluding a $1.6 billion one-time net tax benefit associated with new U.S. federal income tax legislation (Tax Act) and certain other items affecting comparability(1), EPS for the quarter increased 22% to $1.89 from $1.55 in the prior-year quarter.

The strategic investments weve made have driven meaningful growth over the long term, and we remain confident in our ability to continue... More