Today, the Walt Disney Company (DIS) released the firm's fiscal fourth quarter financial results.
Disney posted an adjusted EPS of $1.11 (GAAP EPS: $0.73) on revenue of $22.464 billion. While the adjusted bottom-line number did beat Wall Street, the GAAP bottom-line number fell significantly short of expectations.
Disney has issues. No doubt about that. Revenue has stagnated. Cash flows are still strong, but in a state of deterioration. The balance sheet, stinks.
Concerning the firm's businesses, the parks (and cruises) are doing well, consumer products are doing well, direct-to-consumer (Disney+ and Hulu) are really taking off, and ESPN is holding its own. Beyond that, linear networks (cable TV) is deteriorating rapidly and content licensing is no longer even profitable.
In this TheStreet Pro article, Stephen explains why this is a tough stock to own. Even with the dip, be wary...
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