Friday, May 8, 2015

Avengers pushing Disney to new high

Disney’s second-quarter earnings were up 14 percent, and the company has the No. 1 box-office draw with “Avengers: Age of Ultron.” (Jay Maidment/Disney/Marvel via AP) 

BURBANK — The Walt Disney Co. today reported second-quarter earnings increased 14 percent and earnings for the six months ended March 28 rose 18 percent.
Diluted earnings per share for the quarter increased 14 percent to $1.23 from $1.08 in the prior-year quarter, the company said in an earning statement. Earnings for the quarter stood at $2.1 billion.
Earnings per share for the six months ended March 28 increased 18 percent to $2.50 from $2.11 in the prior-year period, Disney reported.
“Our second quarter performance, marked by increased revenue ... demonstrates the incredible ability of our strong brands and quality content to drive results,” said Walt Disney Chairman and Chief Executive Officer Robert A. Iger. “The power of this winning combination is once again reflected in the phenomenal worldwide success of Marvel’s ‘Avengers: Age of Ultron,’ which has opened at number one in every market so far.
From our chart below, Disney's uptrend remain unchanged(candle still green color) still good as ever, $104 is the current support.  
If you have followed our blog, you probably already know that this stock is really an uptrending stocks on a bull run.Since last year March we already talked about Walt Disney, and November 2014 again another post. (You can do a search on this blog following the picture below). During then Disney was just $78 and $91 respectively.
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