Walt Disney: EPS target raised for the year
In its second quarter (ended March), the media and entertainment giant saw its EPS adjusted for exceptional items rise by 30% to $1.21, with segment operating income up 17% to $3.84 billion.
Sales rose by 1% to just under 22.1 billion, with a 5% decline in its entertainment division offset by growth of 2% and 10% respectively 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 the fourth quarter', points out its management.
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