BURBANK, Calif. (AP) — BURBANK, Calif. (AP) — The Walt Disney Co. (DIS) on Wednesday reported fiscal first-quarter earnings of $1.28 billion.
On a per-share basis, the Burbank, California-based company said it had net income of 70 cents. Earnings, adjusted for non-recurring costs and restructuring costs, were 99 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share.
The entertainment company posted revenue of $23.51 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $23.34 billion.
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