BURBANK, Calif. (AP) — BURBANK, Calif. (AP) — The Walt Disney Co. (DIS) on Thursday reported fiscal fourth-quarter profit of $460 million.
The Burbank, California-based company said it had net income of 25 cents per share. Earnings, adjusted for restructuring costs and amortization costs, came to $1.14 per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.09 per share.
The entertainment company posted revenue of $22.57 billion in the period, which missed Street forecasts. Six analysts surveyed by Zacks expected $22.59 billion.
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