BURBANK, Calif. (AP) — BURBANK, Calif. (AP) — The Walt Disney Co. (DIS) on Wednesday reported fiscal second-quarter net income of $2.25 billion.
The Burbank, California-based company said it had net income of $1.27 per share. Earnings, adjusted for amortization costs and restructuring costs, were $1.57 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.49 per share.
The entertainment company posted revenue of $25.17 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $25.06 billion.
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