Entertainment giant The Walt Disney Company (DIS) late Tuesday posted fiscal first quarter profits that beat expectations, but its revenue missed analyst estimates.

The Burbank, CA-based company reported first quarter net income of $1.46 billion, or 80 cents per share, compared with $1.30 billion, or 68 cents per share, in the year-ago period.

Revenue rose 1% from last year to $10.78 billion.

On average, Wall Street analysts expected a much smaller profit of 72 cents per share, albeit on much higher revenue of $11.18 billion.

Disney shares fell 43 cents, or -1%, in premarket trading Wednesday.

The Bottom Line
Shares of Walt Disney (DIS) have a 1.46% dividend yield, based on last night’s closing stock price of $40.98. The stock has technical support in the $36-$38 price area. The stock is trading near all-time highs of $42-$44 a share.

The Walt Disney Company (DIS) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

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