Disney Starts Off Its Fiscal 2019 By Beating Earnings Estimates
Dow 30 Component, The Walt Disney Company (DIS), and its subsidiaries is a diversified worldwide entertainment company that operates in four business segments: Studio Entertainment, Media Networks, Parks and Resorts, and Consumer Products & Interactive Media.
The Walt Disney Company announced its first quarter earnings for the fiscal year 2019 on February 5, 2019. The company reported earnings of $1.84 per share, beating the estimates that called for $1.618 per share. The EPS saw a 3% decrease from the prior-year quarter.
“After a solid first quarter, with diluted EPS of $1.86, we look forward to the transformative year ahead, including the successful completion of our 21st Century Fox acquisition and the launch of our Disney+ streaming service. Building a robust direct-to-consumer business is our top priority, and we continue to invest in exceptional content and innovative technology to drive our success in this space.” -said Robert A. Iger, Chairman and Chief Executive Officer, The Walt Disney Company
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