Tuesday, February 3, 2015

Disney (DIS) Stock Jumping in After-Hours Trading Today on Earnings Beat

NEW YORK (TheStreet) -- Shares of the Walt Disney Co. are higher by 2.91% to $96.84 in after-hours trading on Tuesday, following the company's fiscal 2015 first quarter earnings results which improved year-over-year and topped analysts' estimates. The entertainment company said its earnings grew by 23% to $1.27 per diluted share from $1.03 per diluted share for the 2014 fiscal first quarter. Analysts were expecting Disney to post earnings of $1.07 per share for the quarter. Exclusive Report: Jim Cramer's Best Stocks for 2015 STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. Revenue for the latest quarter was $13.4 billion versus $12.3 billion for the same period last year. Analysts were expecting $12.87 billion for the quarter. "This was yet another incredibly strong quarter for our company, with diluted EPS up 23% driven by record revenue as well as significant growth in segment operating income," Disney CEO Robert Iger said. Separately, TheStreet Ratings team rates DISNEY (WALT) CO as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation: "We rate DISNEY (WALT) CO (DIS) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, notable return on equity and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins." You can view the full analysis from the report here: DIS Ratings Report DIS data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.


Click to view a price quote on DIS. Click to research the Media industry.





from Latest TSC Headlines http://ift.tt/1uVaVbo

No comments:

Post a Comment