The Walt Disney Co Q2 Profit Increases, Inline With Estimates

(RTTNews) - The Walt Disney Co (DIS) revealed a profit for its second quarter that increased from last year in line with the Street estimates.

The company's bottom line came in at $1.27 billion, or $0.69 per share. This compares with $0.47 billion, or $0.26 per share, in last year's second quarter.

Excluding items, The Walt Disney Co reported adjusted earnings of $1.92 billion or $0.93 per share for the period.

Analysts on average had expected the company to earn $0.93 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 13.4% to $21.82 billion from $19.25 billion last year.

The Walt Disney Co earnings at a glance (GAAP) :

-Earnings (Q2): $1.27 Bln. vs. $0.47 Bln. last year. -EPS (Q2): $0.69 vs. $0.26 last year. -Analyst Estimate: $0.93 -Revenue (Q2): $21.82 Bln vs. $19.25 Bln last year.