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Shares of Disney gain in after-hours trade after earnings beat



Shares of Walt Disney Co.

DIS, -0.90%

gained 1.9% in after-hours trading on Thursday after the company posted fourth-quarter earnings that exceeded expectations. Profit for the last quarter rose to $ 2.32 billion, or $ 1.55 per share, from $ 1.75 billion, or $ 1.13 per share, in the first quarter of the year. Adjusted EPS was $ 1.48 per share, surpassing FactSet's consensus of $ 1.34. Revenue was $ 14.3 billion, exceeding FactSet's consensus of $ 13.7 billion and up 12% from $ 12.8 billion a year ago. Revenues from the company's multimedia networks rose to $ 5.96 billion, up 9% from $ 5.47 billion a year ago. Revenue from parks and resorts totaled $ 5.07 billion, up 9% from $ 4.67 billion a year ago. Disney's studio entertainment segment posted revenue of $ 2.1

5 billion, up 50% from $ 1.43 billion last year, thanks to strong box office numbers. Black Panther "," Star Wars: The Last Jedi "," Avengers: Infinity War "and" Incredibles "2." Revenues from consumer products and interactive media dropped to $ 1.12 billion, down from 8% over $ 1.22 billion in the previous year's quarter, Disney shares gained 7.9% this year, and the S & P 500 index

SPX, -0.25%

earned 5% and the Dow Jones Industrial Average

DJIA, + 0.04%

gained 5.9%.

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