Pursuits
Disney Profit Tops Estimates
- Cable TV earnings, source of investor concern, increase 30%
- Domestic parks prosper with more guests, higher spending
The Biggest Concerns About Disney's 4th-Qtr Revenue Miss
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Walt Disney Co., which triggered a selloff in media stocks three months ago with a warning about subscriber losses at ESPN, posted fourth-quarter earnings that beat analysts’ estimates as profit from cable networks and motion pictures rose.
Earnings rose to $1.20 a share, excluding items, Burbank, California-based Disney said Thursday in a statement, beating the $1.14 average of 28 analysts’ estimates. The shares rose as much as 3.3 percent Friday in New York.