Disney earnings beat estimates on boost from theme parks
Vision 4 Fund Distributors Vice President Heather Zumarraga, Fortune executive editor Adam Lashinsky, Kadina Group President Gary B. Smith and Maxfunds founder Jonas Max Ferris discuss how Warren Buffett’s children agreed with Abigail Disney’s criticism of CEO Bob Iger’s paycheck.
May 8 (Reuters) - Walt Disney Co reported second-quarter profit and revenue that beat analysts' estimates on Wednesday, as more visitors flocked to its theme parks.
Excluding certain items, Disney earned $1.61 per share, above analysts' average expectations of $1.58 per share, according to IBES data from Refinitiv.
The company, which recently bought the bulk of Twenty-First Century Fox Inc's TV and film assets, said total revenue rose to $14.92 billion from $14.55 billion, also above analysts' estimates of $14.36 billion.
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(Reporting by Vibhuti Sharma in Bengaluru; Editing by Anil D'Silva)