BURBANK, Calif. (AP) — BURBANK, Calif. (AP) — The Walt Disney Co. (DIS) on Wednesday reported fiscal first-quarter earnings of $2.55 billion.
The Burbank, California-based company said it had profit of $1.40 per share. Earnings, adjusted for non-recurring costs, came to $1.76 per share.
The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.44 per share.
The entertainment company posted revenue of $24.69 billion in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $24.66 billion.
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