BURBANK, Calif. (AP) — BURBANK, Calif. (AP) — The Walt Disney Co. (DIS) on Wednesday reported fiscal third-quarter profit of $5.26 billion.
On a per-share basis, the Burbank, California-based company said it had profit of $2.92. Earnings, adjusted for one-time gains and costs, were $1.61 per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.46 per share.
The entertainment company posted revenue of $23.65 billion in the period, missing Street forecasts. Seven analysts surveyed by Zacks expected $23.68 billion.
Disney expects full-year earnings to be $5.85 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DIS at https://www.zacks.com/ap/DIS
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