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Walt Disney matches 4Q net income expectations, tops revenue forecasts

BURBANK, Calif. – BURBANK, Calif. (AP) _ The Walt Disney Co. (DIS) on Thursday reported fiscal fourth-quarter profit of $1.5 billion.

On a per-share basis, the Burbank, California-based company said it had profit of 86 cents. Earnings, adjusted for restructuring costs, came to 89 cents per share.

The results met Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of 89 cents per share.

The entertainment company posted revenue of $12.39 billion in the period, beating Street forecasts. Analysts expected $12.36 billion, according to Zacks.

Disney shares have increased 20 per cent since the beginning of the year, while the Standard & Poor’s 500 index has climbed almost 10 per cent. In the final minutes of trading on Thursday, shares hit $92, an increase of 33 per cent in the last 12 months.

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This story was generated by Automated Insights using data from Zacks Investment Research. DIS stock research report from Zacks.

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