% | $
Quotes you view appear here for quick access.

The Walt Disney Company Message Board

  • tlackrew tlackrew May 9, 2012 11:55 AM Flag

    Needham & Co. Maintains a 'Hold' on Walt Disney (DIS)

    May 9, 2012 8:33 AM EDT

    Needham & Company maintains a 'Hold' on Walt Disney (NYSE: DIS).

    Analyst, Laura Martin, said, "DIS reported revenue of $9.629B (up 6% y/y, 1% above our estimate) and Operating EPS of $0.58 (up 18% y/y and 4% above our estimate)...The Parks and Resorts segment was the largest outperformer, reporting operating income 31% above our estimates driven by higher attendance and per capital spending at the domestic parks and resorts, Tokyo Disney Resort and Hong Kong Disneyland...The Broadcasting segment was the second largest outperformer, reporting operating Income 27% above our estimates owing to lower production and programming costs and higher ad revenues."

    "We maintain our FY12 estimates of revenue of $42.682B, and Operating EPS of $2.91...We maintain our rating and remain focused on DIS’s capital spending cycle..."

91.80-0.40(-0.43%)Sep 29 4:00 PMEDT