Walt Disney: disappointing quarterly despite Star Wars

Positive quarterly by Walt Disney but not quite: if the film division results appear satisfactory, sports channels and the decline of subscribers are felt on the accounts. The entertainment giant American ended the three months to April 2, with profits growing, thanks to the success of films such as "Star Wars" and "Zootopia", but less than market expectations, which had not happened for five years now. Also weighing on the results of the fall of the sports channel ESPN subscribers, the costs associated with Disneyland Paris and the opening of the amusement park in Shanghai, scheduled for next month.

Walt Disney closed the period with a net profit of $ 2.14 billion, or $ 1.30 per share, up from 2.11 billion, or $ 1.23 per share, in the same period of 2015. Net exceptional items, there was an eps equal to $ 1.36, 4 cents less than the consensus. Revenues rose by 4% to 13 billion dollars from 13.2 billion estimated by the market.

"We are very pleased with our second quarter results, marking the 11th consecutive quarter with double-digit growth in earnings per share pro forma," he said in a statement the President and CEO Bob Iger.