Disney Profit Up, Revenue Shy; Lions Gate Surges
Walt Disney (DIS) announced its fourth-quarter earnings rose 14% thanks to more vacationers on its cruise line and visitors to its theme parks, but its revenue fell shy of forecasts. The media company best known for Mickey Mouse and magical princesses said after the market closed that its Q4 EPS rose to 68 cents, in line with analyst estimates. Revenue rose 3.5% to $10.8 billion, falling shy of analysts' consensus expectations of $10.9 billion.
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