Walt Disney Posts Record Annual Profit

Date : 09/11/2018 @ 08:54
Source : Dow Jones News
Stock : Twenty-First Century Fox - Class B (FOX)
Quote : 47.28  0.0 (0.00%) @ 18:05
Twenty-First Century Fox - Class B share price Chart

Walt Disney Posts Record Annual Profit

Twenty-First Century Fox - Class B (NASDAQ:FOX)
Historical Stock Chart

1 Month : From Oct 2018 to Nov 2018

Click Here for more Twenty-First Century Fox - Class B Charts.
By Maria Armental 

Walt Disney Co. turned in a strong financial performance in the latest period, as its parks-and-resorts and studio-entertainment segments helped it deliver record profit and revenue for the year.

Disney, best known for traditional film and television entertainment, has outlined a high-stakes plan focusing on direct-to-consumer offerings to fight back against streaming giants like Netflix Inc. and Amazon.com Inc.

Part of that plan, Chief Executive Robert Iger has said, will be folding in 21st Century Fox Inc.'s entertainment assets, including Fox's storied film and television studios.

Disney would essentially control three digital services: ESPN Plus for sports; Hulu, currently a joint venture of Disney, Fox, Comcast Corp.'s NBCUniversal and AT&T Inc.'s WarnerMedia; and a Disney-branded service, set to launch in late 2019.

Overall, fourth-quarter profit rose 33% to $2.32 billion, or $1.55 a share. Meanwhile, revenue rose 12% to $14.31 billion. Excluding one-time items, Disney earned $1.48 a share.

Analysts surveyed by FactSet expected $1.34 a share in adjusted profit on $13.73 billion in revenue.

Write to Maria Armental at maria.armental@wsj.com

 

(END) Dow Jones Newswires

November 08, 2018 16:39 ET (21:39 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
Your Recent History
FX
EURAUD
Euro vs Au..
FX
USDAUD
US Dollar ..
ASX
WPL
Woodside
NASDAQ
AAPL
Apple
ASX
BHP
BHP Bilito..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:30 V:au D:20181114 09:52:45