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Walt Disney Beats by One Penny, Not Bad

Submitted by Frank Lara Jr on Fri, 07/31/2009 - 01:43.
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Disney

The Walt Disney Company (NYSE:DIS) shares fell 3% after hours on Thursday after beating the Street by One Cent, and let's face it, down 3% after-hours is a walk in the park.

Today Walt Disney reported Q3 EPS of $0.52, that's one penny better than the analyst estimate of $0.51. Revenue for the quarter was $8.6 million, versus the consensus of $8.83 billion and down 7% from the same quarter last year.  Here's how the quarter worked out:

SMedia Networks revenue fell 2% and operating income fell 13%

Parks and Resorts revenue fell 9% and operating income fell 19%

Studio Entertainment revenue fell 12%

Consumer Products revenue fell 10% and operating income fell 37%, Interactive Media revenue fell 20% and operating income rose 18%.

Hang in there investors, wait for the analyst reaction to Disney's latest quarter.

More from Bloomberg:


 

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