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Why Disney Still Looks Attractive to Wall Street and Main Street

Walt Disney Co. (NYSE: DIS) reported fiscal second-quarter financial results after the markets closed on Tuesday. Consequently these earnings did not live up to the expectations of investors and analysts. As one of the larger Dow components, there was a blizzard of analyst calls in the wake of this earnings report.

24/7 Wall St. has included some highlights from the earnings report, as well as what analysts are saying about Disney after the fact.

The company had $1.36 in earnings per share (EPS) on $12.97 billion in revenue. That compared to consensus estimates from Thomson Reuters of $1.40 in EPS on revenue of $13.19 billion. The same period from last year had $1.23 in EPS on $12.46 billion in revenue.

Since last summer there has been a concern at Disney surrounding what the company needs to do with its ESPN segment. The question is whether to sell it, spin it off or keep it. ESPN’s performance this quarter helped drive operating income in the Cable Networks sub-segment.

It’s worth noting that at the end of the earnings conference call, CEO Bob Eiger pointed out that not a single question on the call was about the Studios...


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