Comment on Disney 4Q profit rises but pay TV unit underwhelms

Disney 4Q profit rises but pay TV unit underwhelms

LOS ANGELES (AP) — The Walt Disney Co.'s earnings rose 12 percent in the company's fiscal fourth quarter, beating analysts' forecasts on the surprising strength of its new video game "Disney Infinity" and upbeat movie studio results. But a worse-than-expected performance from its stalwart pay TV unit housing its ESPN network led to a stock drop in after-hours trading. Analyst Alan Gould of Evercore Partners said the market remained focused on the reliable profits of Disney's pay TV division, rather than the hit-and-miss results from the studio or its games division. Net income in the three months that ended on Sept.Read more on NewsOK.com

 

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