Walt Disney: raises FY EPS target

(CercleFinance.com) - On its quarterly earnings call, Walt Disney now targets 25% growth in FY adjusted EPS, while still targeting free cash flow of over $8bn.


In Q2 (ended March), the media and entertainment giant's adjusted EPS rose 30% to $1.21, with segment operating income up 17% to $3.84bn.

Sales rose by 1% to just under $22.1bn, with a 5% decline in its entertainment division offset by respective 2% and 10% growth in its sports and experiences divisions.

Importantly, entertainment streaming proved profitable in the quarter, and we remain on track to achieve profitability for all streaming activities in Q4, management said.


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