Disney beats Street 2Q forecasts

AP News
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Posted: May 05, 2015 8:22 AM
Disney beats Street 2Q forecasts

BURBANK, Calif. (AP) — The Walt Disney Co. (DIS) on Tuesday reported fiscal second-quarter earnings of $2.11 billion.

On a per-share basis, the Burbank, California-based company said it had net income of $1.23.

The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share.

The entertainment company posted revenue of $12.46 billion in the period, also exceeding Street forecasts. Nine analysts surveyed by Zacks expected $12.24 billion.

Disney shares have risen 18 percent since the beginning of the year, while the Standard & Poor's 500 index has increased almost 3 percent. The stock has risen 38 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DIS at http://www.zacks.com/ap/DIS

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Keywords: Walt Disney, Earnings Report, Priority Earnings