Shares of Walt Disney Co.
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
earned 5% and the Dow Jones Industrial Average
DJIA, + 0.04%
Get the latest news in your inbox. Subscribe to the free MarketWatch Bullets e-mails. Register here.