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Disney Shines In All Its Entertainment Glory

Benzinga ·  Nov 18 21:32

On Thursday, the Walt Disney Company (NYSE: DIS) reported its fiscal fourth quarter results that topped estimates as its entertainment segment shined in its full splendor, mirrored in box office success as well as streaming business' growth and profitability.

Bob Iger is getting Disney back in shape.

For the September quarter, Disney reported revenue grew 6% to $22.57 billion, topping LSEG's consensus estimate of $22.45 billion. Net income grew to $460 million, or 25 cents per share, from $264 million, with adjusted earnings per share amounting to $1.14, also surpassing LSEG's estimate of $1.10. Operating income grew 23% to $3.66 billion.

Fueled by box office success, the entertainment...

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