Monday, July 23, 2012

Disney FY Q2 Edges Street Estimates; Gives Thanks To Alice

Disney (DIS) this afternoon reported revenue for its fiscal second quarter of $8.58 billion and diluted EPS of 48 cents a share, edging Street estimates of $8.39 billion and 46 cents. Revenue was up 6% from a year ago.

The company reported 6% revenue growth in its media networks business, 2% in parks and resorts, 7% in studios, 20% growth from consumer products and 20% growth from interactive media.

The company noted that it has seen “incredible” box office performance from Alice in Wonderland, and also said Iron Man 2 has grossed $334 million in its first two weeks.

DIS in late trading is down $1.11, or 3.1%, to $34.65.

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