I completely forgot that Disney's first quarter report was today!
Disney closed the stock market at $109 today down $0.57 for the day.
Revenues miss 14.78 billion compared to 15.26 billion expectation.
Earnings per share beat expectations with $1.55 with $1.49 being the expectation.
Consumer products and interactive media hit hard.
Media networks down 2%
Revenue is down 3% compared to last year. Income is down 7%.
Media networks income down 11% largely attributed to ESPN.
Income at Disney's other cable networks were flat.
ABC revenue was flat but operating income increased 28% due to affiliate fee growth and decreased programming costs.
Growth at Parks was impacted by hurricane Matthew.
Attendance is down at the parks. Guest spending is up due to higher costs.
Cruise line growth came from higher prices and lower dry dock expenses.
Paris and Hong Kong have seen improved results.
Disney closed the stock market at $109 today down $0.57 for the day.
Revenues miss 14.78 billion compared to 15.26 billion expectation.
Earnings per share beat expectations with $1.55 with $1.49 being the expectation.
Consumer products and interactive media hit hard.
Media networks down 2%
Revenue is down 3% compared to last year. Income is down 7%.
Media networks income down 11% largely attributed to ESPN.
Income at Disney's other cable networks were flat.
ABC revenue was flat but operating income increased 28% due to affiliate fee growth and decreased programming costs.
Growth at Parks was impacted by hurricane Matthew.
Attendance is down at the parks. Guest spending is up due to higher costs.
Cruise line growth came from higher prices and lower dry dock expenses.
Paris and Hong Kong have seen improved results.