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Disney -3.3% on rare earnings miss; TV, products weak

Published 11/10/2016, 04:23 PM
Disney -3.3% on rare earnings miss; TV, products weak
DIS
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  • Walt Disney (NYSE:DIS) is off 3.3% after hours following a rare miss in its fiscal Q4 earnings as operating income fell in every segment and a decline in its TV business was matched by disappointment in consumer products.
  • EPS increased 16% on an as-reported basis, but excluding some items affecting comparability, it fell 8%. Revenues declined 3%, putting a late damper on what was a record year for revenue as well as net income and EPS.
  • Revenue by segment: Media Networks, $5.66B (down 3%); Parks and Resorts, $4.39B (up 1%); Studio Entertainment, $1.81B (up 2%); Consumer Products & Interactive Media, $1.29B (down 17%).
  • Operating income by segment: Media Networks, $1.67B (down 8%); Parks and Resorts, $699M (down 5%); Studio Entertainment, $381M (down 28%); Consumer Products & Interactive Media, $424M (down 5%).
  • Conference call to come at 5 p.m. ET.
  • Press release

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