Media and entertainment companies have shown strong performances this year, with consumer spending data showing substantial increases in discretionary purchases, air travel and tourism, and the film industry bouncing back to clock in a record-breaking summer for box office sales. The Walt Disney Company (DIS) reported its fiscal year fourth quarter (4QFY13) results on October 30, 2013, with earnings per share (EPS) and revenues beating analyst estimates by 1.45% and 1.58% respectively.
Earnings Overview
Reported revenues for the quarter (which ended September 28) were $11.56 billion, up 7% from $10.78 billion last year, while diluted EPS was $0.77, a 13% uptick from $0.68 in 4QFY12. Net income for the quarter increased 12% to $1.39 billion on the back of strong revenues in some of the company’s core segments like Parks and Resorts, and Studio Entertainment.
The company also reported selected statistics for the full fiscal year. Revenues for FY13 increased 7% year-over-year (YoY) to a record $45 billion, and net income for the full fiscal year was $6.13 billion, up 8%.
The company also reported selected statistics for the full fiscal year. Revenues for FY13 increased 7% year-over-year (YoY) to a record $45 billion, and net income for the full fiscal year was $6.13 billion, up 8%.
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