SAN FRANCISCO (MarketWatch) -- Walt Disney
Co. said late Tuesday that its fiscal first
-quarter earnings fell at $1.38 billion, or 77 cents a share, from $1.46 billion or 80 cents a share in the year-ago period. Excluding charges, the media giant would have reported earnings of 79 cents a share. Revenue rose to $11.34 billion from $10.78 billion last year. Analysts surveyed by FactSet estimated a quarterly profit of 76 cents a share on revenue of $11.21 billion. Whispernumber.com, which uses unpublished estimates, expected earnings of 78 cents a share.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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