The Walt Disney Company (NYSE: DIS) is a leading media and entertainment conglomerate. The company is divided into five major business segments: Media Networks (including the ABC network), Parks and Resorts, Studio Entertainment (including Pixar), Consumer Products and Interactive Media.
In the preceding first-quarter, the Burbank, California-based company's net income was $1.3 billion, or 68 cents per share, compared to $844 million, or 44 cents per share, in the year-ago quarter. On an adjusted basis, the company earned 68 cents per share in the first quarter. Revenue rose 10% to $10.72 billion from $9.74 billion in the same quarter last year. Analysts, on average, expected the company to report earnings of 56 cents per share on revenue of $10.52 billion.
Disney has benefited from economic recovery and an mproving economic picture. The company continues to penetrate new markets and innovate on many fronts. The company launched Disney Junior on the Disney Channel on Valentine’s Day, targeting a 2-to-7-year-old audience. It also plans to add new cruise ships and expand its theme parks. Moreover, the company has renewed its emphasis on its core strategy of creating and distributing attractive content for children and syndicating this content through its various entertainment channels.
However, the Japan catastrophe could impact Disney's second quarter earnings. The company's Disneyland resort in Tokyo was closed down for about 10 days following the natural disaster that shook the country recently.
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