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Disney's Q3 Earnings: Not Bad, but Shareholders Need More

Disney Mickey Mouse logoDisney (DIS) reported earnings for the fiscal third quarter after the bell on Tuesday. I've been critical of Disney, especially when it comes to the shareholder-friendly notion of a higher dividend. However, I have to say, I liked the quarter.

Net income of 67 cents per share beat the consensus estimate by nine pennies. Furthermore, free cash flow increased 21% in Q3 and jumped 25% during the nine-month period, according to the press release. The individual operating segments did very well, although the theme-parks division did see an 8% decrease in profit. It would be nice to get some positive income from interactive media instead of a loss.

Continue reading Disney's Q3 Earnings: Not Bad, but Shareholders Need More

Earnings Preview: Will Disney Make Shareholders Happy?

disney earnings previewDisney (DIS) will tell investors how it did during the fiscal third quarter on Tuesday after the market closes for the day. The company will hopefully report some great numbers because, quite frankly, the stock has been somewhat boring this summer; a little fundamental excitement would, at the very least, ease the tedium of the price action.

Net income is expected to be somewhere around 58 cents per share. That's six pennies higher than the previous year's performance. That wouldn't be bad, I suppose, given the economic climate, but I certainly hope that the Mouse has more than a six-penny increase up its sleeve. Back in the second quarter, management was able to beat the estimate.

Continue reading Earnings Preview: Will Disney Make Shareholders Happy?

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Last updated: May 28, 2012: 09:20 AM

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