Walt Disney Co., the world's largest entertainment company. presented its performance results for the third quarter of this financial year, which managed to improve and even exceeded expectations. However, during the previous trading session, shares of this company fell: Walt Disney Co. 88.41 (-1.73%) .
In the last quarter, the mentioned company's revenue reached 23.155 billion. dollars, or four percent more than a year ago during the same period. The market expected them to amount to an average of 23.07 billion. dollars.
The Walt Disney Co. operating profit during the mentioned period rose nineteen percent to 4.225 billion. dollars, and the net profit was 2.842 billion. dollars or 1.43 dollars per share, while the net result due to one-time write-offs and expenses was negative and amounted to 153 million in the same period a year ago. dollars.
Adjusted earnings per share were $1.39, beating the average analyst estimate by twenty cents.
Collectively, after the first three of these Walt Disney Co. Its revenue for the quarters of the financial year amounts to 68.787 billion. dollars, or two percent more than a year ago during the same period. Operating profit rose twenty-one percent to 11.946 billion. dollars, and net profit jumped from 2.696 to 5.209 billion. dollars.
Since the beginning of this year, the entertainment company's market value has fallen about one percent, and has risen about four percent over the past one year. For comparison, the value of the Dow Jones Industrial Average index increased by 3.4 and 9.9 percent, respectively.
