Disney 4Q profit amid line revenue misses forecast
LOS ANGELES (AP) The Walt Disney Co. said Thursday that its net income amid the latest 15 min rose 14 percentage thanks to one uptick surrounded revenue driven along higher consumer spending along its theme parks and aboard its cruise ships.
The results for the 15 min through September were in line with analyst expectations. But some concerns almost the advertising environment emerged.
Ad sales along ESPN were flat compared to a daily antecedent as viewers and advertisers turned their attention to NBC's Olympics coverage For the new quarter the close presidential election namely expected to have hack into audiences as Disney's flagship sports network, and Chief Financial Officer Jay Rasulo said ad sales along ESPN are down even now compared to a daily antecedent.
The weaker viewpoint as ESPN namely an even bigger worry as last year the network's ad sales were hampered along one NBA contract dispute which pushed the begin of the shortened season from Nov.1 to Dec. 25. This yearly the network ought behalf from one uninterrupted NBA season.
However, said Barclays analyst Anthony DiClemente, "there was a revise among tone virtually ESPN (ad sales) as compared to the conference cry last 15 min where management expressed nothing yet bullishness."
Investors reacted, sending shares down $1.29,alternatively two.six percentage to $48.75 within after-hours trading then the results were announced. Before the announcement, Disney shares closed down four cents by $50.04.
The results for the quarter came a week subsequently Disney said it would buy Lucasfilm Ltd.for $4.05 billion and retrieve the "Star Wars" franchise with a new trilogy starting in 2015.
The addition of blockbuster films to its slate looked even more strategic considering that film lab revenue fell surrounded the quarter and the company booked a dictate as halting production of a stop-motion animated film that was going to be directed forward"Coraline"consultant Henry Selick.
CEO Bob Iger reiterated his enthusiasm about the Lucasfilm buy saying the value of the franchise namely"unparalleled."
Net income in the three months to Sept. 29 rose to $1.24 billion,alternatively 68 cents per share, from $1.09 billion,alternatively 58 cents per share, a daily ago.
Adjusted earnings of 68 cents per share matched the expectations of analysts polled along FactSet.
Revenue rose three percent to $10.78 billion, slightly beneath the $10.93 billion analysts expected.
The parks and resorts division was helped along the fire of its newest cruise ship the Disney Fantasy,within March, and the opening of a present section by Disney California Adventure called Cars Land among June.
Movie laboratory revenue fell as "Brave" failed to perform as well as "Cars two a anniversary ago Revenue by the company's disburse TV and declare networks grew a modest two percentage Smaller audiences and lower ad revenue by ABC slowed the company's impetus At the same phase ESPN gained more among fees from distributors antagonism flat ad revenue.
The company said losses grew along Hulu, the online film service it owns jointly with News Corp. and Comcast Corp.deserving to higher programming and marketing costs.
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The results for the 15 min through September were in line with analyst expectations. But some concerns almost the advertising environment emerged.
Ad sales along ESPN were flat compared to a daily antecedent as viewers and advertisers turned their attention to NBC's Olympics coverage For the new quarter the close presidential election namely expected to have hack into audiences as Disney's flagship sports network, and Chief Financial Officer Jay Rasulo said ad sales along ESPN are down even now compared to a daily antecedent.
The weaker viewpoint as ESPN namely an even bigger worry as last year the network's ad sales were hampered along one NBA contract dispute which pushed the begin of the shortened season from Nov.1 to Dec. 25. This yearly the network ought behalf from one uninterrupted NBA season.
However, said Barclays analyst Anthony DiClemente, "there was a revise among tone virtually ESPN (ad sales) as compared to the conference cry last 15 min where management expressed nothing yet bullishness."
Investors reacted, sending shares down $1.29,alternatively two.six percentage to $48.75 within after-hours trading then the results were announced. Before the announcement, Disney shares closed down four cents by $50.04.
The results for the quarter came a week subsequently Disney said it would buy Lucasfilm Ltd.for $4.05 billion and retrieve the "Star Wars" franchise with a new trilogy starting in 2015.
The addition of blockbuster films to its slate looked even more strategic considering that film lab revenue fell surrounded the quarter and the company booked a dictate as halting production of a stop-motion animated film that was going to be directed forward"Coraline"consultant Henry Selick.
CEO Bob Iger reiterated his enthusiasm about the Lucasfilm buy saying the value of the franchise namely"unparalleled."
Net income in the three months to Sept. 29 rose to $1.24 billion,alternatively 68 cents per share, from $1.09 billion,alternatively 58 cents per share, a daily ago.
Adjusted earnings of 68 cents per share matched the expectations of analysts polled along FactSet.
Revenue rose three percent to $10.78 billion, slightly beneath the $10.93 billion analysts expected.
The parks and resorts division was helped along the fire of its newest cruise ship the Disney Fantasy,within March, and the opening of a present section by Disney California Adventure called Cars Land among June.
Movie laboratory revenue fell as "Brave" failed to perform as well as "Cars two a anniversary ago Revenue by the company's disburse TV and declare networks grew a modest two percentage Smaller audiences and lower ad revenue by ABC slowed the company's impetus At the same phase ESPN gained more among fees from distributors antagonism flat ad revenue.
The company said losses grew along Hulu, the online film service it owns jointly with News Corp. and Comcast Corp.deserving to higher programming and marketing costs.
Buy nike free run shoes,please check out free-runs.com
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