Walt Disney Co (NYSE:DIS) released its fourth fiscal quarter earnings report after closing bell tonight, posting earnings of 89 cents per share on $12.4 billion in revenue Analysts had been expecting earnings of 89 cents per share on $12.37 billion in revenue for the quarter.
Key metrics in Walt Disney’s earnings report
In the same quarter last year, the entertainment company reported earnings of 77 cents per share on $11.57 billion in revenue, both of which were slight beats over consensus estimates. Diluted earnings per share for the fourth fiscal quarter were 86 cents, compared to 77 cents in last year’s fourth quarter.
Michael Mauboussin: Here’s what active managers can do
For the full year, Walt Disney reported revenue of $48.8 billion, diluted earnings of $4.26 per share, compared to $3.38 last year, and adjusted earnings of $4.32 per share, compared to $3.39 per share last year. Analysts had wanted to see adjusted earnings of $4 per share on $48.4 billion in revenue for the full year.
“Our results for Fiscal 2014 were the highest in the Company’s history, marking our fourth consecutive year of record performance,” said Walt Disney Chairman and CEO Robert A. Iger in a statement. “We’re obviously very pleased with this achievement and believe it reflects the extraordinary quality of our content and our unique ability to leverage success across the Company to create significant value, as well as our focus on embracing and adapting to emerging consumer trends and technology.”
Walt Disney’s earnings by segment
Disney reported $5.217 billion in revenue from its Media Networks segment, compared to last year’s $4.95 billion, and $3.96 billion in revenue from its Parks and Resorts segment, compared to $3.7 billion last year.
The company’s Studio Entertainment segment reported $1.778 billion in revenue, compared to last year’s $1.506 billion, while the Consumer Products business reported $1.072 billion in revenue, compared to last year’s $1.004 billion. Disney’s Interactive business reported $362 million in revenue, compared to last year’s $396 million.
The popular animated film Frozen was a big win for Disney most of this year, as were Guardians of the Galaxy in the fourth quarter and Maleficent, which came out in the previous quarter. Investors were also looking for solid results from ESPN, which was a trouble area in the previous quarter’s earnings report. Walt Disney has been battling rising costs for the rights to sports games and small losses in subscribers.