Boston, MA 05/12/2014 (wallstreetpr) – The leading media, family entertainment, and consumer products company The Walt Disney Company (NYSE:DIS) is known for its diversified business products and services. Recently the company reported a huge 27% hike in the earnings of fiscal second quarter. The reason for this amazing growth is said to be the excellent performance of the film studio owned by the company.
Other financial figures:
In the most recent quarter which ended up on March 29th, The Walt Disney Company (NYSE:DIS) posted total net income of $1.917 billion, which was way more than the income posted by the company a year earlier. Please note that the company earned a net income of $1.513 billion in year 2013. When it comes to revenues of the company, a growth of 10% was seen which took the revenue figure of fiscal Q2 to $11.649 billion.
The earnings per share of the company in this quarter was calculated at $1.08, which was 83 cents more than what a company earned the previous year. If all the charges of restructuring and foreign exchange losses are excluded from the net earnings, then the adjusted earnings per share amount comes up to $1.11. This was way more than the Zacks Estimate as the analysts of the same firm predicted EPS of $0.97.
All the segments of The Walt Disney Company (NYSE:DIS) experienced an amazing double figure growth which is hardly seen these days as the market condition is not that good. This company has been able to put continuous strong performance since the inception. The main reason behind this strong performance is nothing but the brand value of the company and the kind of following that it has in the eyes of its users.
Future Prospects:
The future prospects of the company look very strong despite of the fluctuations that exist in the market. Fiscal second quarter of the company was very good, and now The Walt Disney Company (NYSE:DIS) is looking determined to outperform in the coming quarter. The picture will be clear in a couple of months’ time.
