Walt Disney Is A Buy

Walt Disney (DIS) made history in the second quarter of fiscal 2014. The company recorded earnings per share of $1.11, its highest ever. Walt Disney operates an entertainment company on a worldwide basis. It has media networks, parks and resorts, consumer products and interactive segments. The company was founded in 1923.

Numbers at a Glance

In the second quarter, Walt Disney achieved a 300% increase in its operating income. The company recorded the feat primarily due to the domestic home video release of Frozen. In addition, the film enjoyed a strong theatrical performance overseas.

Walt Disney’s revenue went up 10% in the second quarter while its net income was up by 27%. Each of the company’s segments delivered meaningful increases in their operating income.

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