Disney's fiscal second quarter earnings fell short of Wall Street expectations, on a slew of issues: some controllable; like a movie that bombed, and some uncontrollable; like, the Japanese earthquake.
Disney doesn't provide any guidance to the Street, and usually Wall Street underestimates Disney's numbers.
This time they didn't fully account for a number of one-time hits to the top and bottom lines. I sat down with CEO Bob Iger in an exclusive interview about Disney's results.
The company grew revenue and earnings, though less that expected. Revenue grew six percent to $9.077 billion and earnings per share grew 2 percent to 49 cents. Wall Street was looking for $9.12 billion in revenue and 57 cents in EPS. Get after-hour quotes for Walt Disney here.
What accounts for the shortfall?