Disney reports strong fourth-quarter earnings

The Walt Disney Company reported Thursday a revenue of 19.1 billion U.S. dollars for its fourth quarter, rising a robust 34 percent over the same period in 2018.

Diluted earnings per share (EPS) from continuing operations for the fourth quarter decreased 72 percent to 0.43 dollars from 1.55 dollars in the prior-year quarter. Excluding certain items affecting comparability, diluted EPS for the quarter decreased 28 percent to 1.07 dollars from 1.48 dollars in the prior-year quarter, according to a press release of Disney.

The company said that media networks revenues for the quarter increased 22 percent to 6.5 billion dollars, and segment operating income decreased 3 percent to 1.8 billion dollars. Parks, experiences and products revenues for the quarter increased 8 percent to 6.7 billion dollars, and segment operating income increased 17 percent to 1.4 billion dollars.

Disney also reported that studio entertainment revenues for the quarter increased 52 percent to 3.3 billion dollars and segment operating income increased 79 percent to 1,079 million dollars.