Disney Hits Q4 Earnings Target

Walt Disney World

Photo: Flickr/travelswithkim

ESPN and theme parks powered Disney in the fourth fiscal quarter of 2012, as the media conglomerate hit analyst expectations for earnings per share on the dot at $0.68.Disney fell short on the revenue side, netting $10.78 billion when analysts expected $10.92 billion.

For the year, Disney posted year-over-year growth, earning $9.96 billion in segment operating income — 13 per cent higher than last year.

SEE ALSO: What was up with Diane Sawyer election night >

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.