Disney Beats Q1 Estimates, Stock Rises -- Is It Overvalued?

Filed under: Earnings Reports, Walt Disney (DIS), Media World

The Walt Disney Company (DIS) released results for its fiscal first quarter after the bell today. As a shareholder, I was very eager to see the data since the stock recently broke through the tough resistance level of $40. Would the recent rise in the stock be justified by the profit growth?



You know, that just may be the case. According to the corporate press release, on an adjusted basis, net income jumped 45% to 68 cents per share. Even better, the call was for 56 cents per share. That's a significant beat. As for the top line, it expanded by a healthy 10%.

Continue reading Disney Beats Q1 Estimates, Stock Rises -- Is It Overvalued?

Disney Beats Q1 Estimates, Stock Rises -- Is It Overvalued? originally appeared on BloggingStocks on Tue, 08 Feb 2011 18:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments

Full story at http://www.pheedcontent.com/click.phdo?i=68cf8ff1e6ee842981cb304c1dda003b