Sorry!! The article you are trying to read is not available now.
November 09, 2012 at 08:08 AM EST
Walt Disney’s Profit Rises, Matching View, but Revenue Misses (DIS)

Entertainment giant The Walt Disney Company (DIS) late Thursday posted in-line fiscal fourth quarter profits, although its revenue totals fell short of Wall Street’s view.

The Burbank, CA-based company reported fiscal fourth quarter net income of $1.24 billion, or 68 cents per share, compared with $1.09 billion, or 58 cents per share, in the year-ago period.

Revenue rose 3.4% from last year to $10.78 billion.

On average, Wall Street analysts expected a matching profit of 68 cents per share, albeit on higher revenue of $10.92 billion.

Walt Disney shares fell $1.50, or -3%, in premarket trading Friday. The stock has gained about 33% since the start of 2012.

The Bottom Line
Shares of Walt Disney (DIS) have a 1.20% dividend yield, based on last night’s closing stock price of $50.04. The stock has technical support in the $45-$46 price area. The stock is trading near all-time highs of $53 a share.

The Walt Disney Company (DIS) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here

WHAT'S POPULAR IN THE VILLE