Tuesday, February 8, 2011

Walt Disney Co. Reports Earnings After the Close (DIS, $41.18)

(May 16, 2011 update: All future stock posts will appear on my new subscription-only website at www.GoodfellowLLC.com. Please visit!)

Walt Disney Co. (DIS)

Disney's quarterly earnings were reported after the close today. The earnings per share (eps) of $0.68 blew away the consensus estimate of $0.56.

"We had an excellent first quarter, driven by strong creative content and our unique ability to leverage great entertainment across the many platforms, businesses and markets in which we operate," said Robert A. Iger, President and CEO. "With net income up 54%, it's a great start to a new fiscal year." -- Business Wire

I wrote about Disney on Feb. 2, at which point I said that it had broken out of a long-term trading range and was advancing higher. I believe there is still room for stock traders to buy the stock and be pleased with this year's performance. My general goal is to make 10-25% total return on a stock in much less than a year's time. (see disclaimer!)


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