Disney gives opening details for Avatar, Star Wars lands

Disney gives opening details for Avatar, Star Wars lands

Overall, Disney beat analysts' earnings per share expectations, but missed their revenue estimates. Parks and Resorts had a 6% increase in revenue and 13% increase in operating income in Fiscal Year 2017 Q1. The drop in media networks operating income was due to higher programming costs at ESPN, among other things.

Net income attributable to Disney dropped to $2.48 billion, or $1.55 per share, from $2.88 billion, or $1.73 per share, a year earlier.

Disney's revenue decreased to $14.78 billion in the first quarter ended December 31 from $15.24 billion a year earlier.

Tornado watches issued in Louisiana and Mississippi
She says their cars all were totaled, and her niece is anxious because her computer was damaged with her homework stuck inside. One of the warnings described a "large, extremely risky and potentially deadly" twister south of Hammond, Louisiana.

The company said lower results in the cable division unit - operating income was down 11% and revenue was down 2% - were partly caused by a decline in subscribers. Coupled with the change in timing of the College Football Playoffs - only three CFP bowl games were aired in the period, vs. 6 in the same period a year ago - and revenue at the Cable Networks division dipped 2% to $4.4 billion. But key to Hasbro, Rogue One: A Star Wars Story was, according to Disney, the company's first billion-dollar film of 2017.

We're very pleased with our financial performance in the first quarter.

But that is still short of The Force Awakens, which had grossed more than $2 billion at the box office.

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The same can be said for Disney's broadcasting revenues, which remained at around $1.8 billion.

Disney's consumer products and interactive group reported operating income of $642 million, which was down 25%.

The company in November promised earnings per share growth from this fiscal year onwards, betting ESPN would attract more online viewers, the new Shanghai theme park would lure visitors and on its new movie releases. Disney's media networks revenues, of which ESPN is a large percentage, dropped 2 percent to $6.2 billion.

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