The Walt Disney Co (DIS) reported a profit for fourth quarter that retreated from last year.
The company said its profit dropped to $1.90 billion, or $1.10 per share. This was lower than $2.17 billion, or $1.20 per share, in last year's fourth quarter.
Analysts had expected the company to earn $1.16 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter fell 2.7% to $13.14 billion. This was down from $13.51 billion last year.
The Walt Disney Co earnings at a glance:
-Earnings (Q4): $1.90 Bln. vs. $2.17 Bln. last year.
-Earnings Decline (Y-o-Y): -12.4%
-EPS (Q4): $1.10 vs. $1.20 last year.
-EPS Decline (Y-o-Y): -8.3%
-Analysts Estimate: $1.16
-Revenue (Q4): $13.14 Bln vs. $13.51 Bln last year.
-Revenue Change (Y-o-Y): -2.7%
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