delivered a strong batch of financial results for its fourth quarter, with diluted earnings per share of $1.07 beating Wall Street
analysts’ consensus forecast of 95 cents.
The results marked an improvement from the previous quarterly report, last August, which were far more mixed and were blamed by management on the integration of 21st Century Fox
assets, especially the film studio. Disney’s $71.3 billion deal to acquire most of Fox
closed in March.
Total revenue of $19.1 billion in the quarter exceeded the analysts’ estimate for $19.04 billion. That revenue figure rose a robust 34% over the same period a year ago, with the studio division leading the charge thanks to hits like the new take on The Lion King
Studio revenue surged 52% in the period, and operating income increased by 79% to $1.08 billion. Along with Lion King, money-making titles in the quarter included Toy Story 4
, which compared favorably to the year-earlier