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Disney Stock Quote

You can find stock quotes for Walt Disney Company under the symbol DIS on the New York Stock Exchange.

According to a company press release detailing financial results for the fiscal year and fiscal fourth quarter ending October 3, 2009, the Disney company had "diluted earnings per share (EPS)

for the year was $1.76, compared to $2.28 in the prior year. EPS for the current and

prior year include certain items that are discussed below. Excluding these items, EPS for

the year was $1.82, down 20% from $2.28 in the prior year.

"EPS for the current year included a non-cash gain in connection with the merger

of Lifetime Entertainment Services (Lifetime) and A&E Television Networks (A&E), a

gain on the sale of our investment in two pay television services in Latin America, and

restructuring and impairment charges, which collectively had a net adverse impact of

$0.06. EPS for the prior year included an accounting gain related to the acquisition of

the Disney Stores North America, a gain on the sale of movies.com, the favorable

resolution of certain income tax matters, a bad debt charge for a receivable from

Lehman Brothers, and an impairment charge, which collectively had no net impact on

EPS.

"For the quarter, diluted EPS was $0.47 compared to $0.40 in the prior-year

quarter. EPS for the current quarter included the gain related to the Lifetime/A&E

transaction and restructuring and impairment charges, which together resulted in a net

benefit of $0.01, while EPS for the prior-year quarter included the Lehman Brothers bad

debt charge and an impairment charge, which together had a net adverse impact of

$0.04. Excluding these items, EPS for the quarter increased 5% to $0.46 compared to

$0.44 in the prior-year quarter."

In a prepared statement released in conjunction with the financial report, Disney President and CEO Robert A. Iger said that "Although last year was a difficult one due in part to the weak global economy,

I'm pleased with the way our businesses have responded to the downturn, we've stayed focused on our long-term strategy, efficiently managed costs, and continued to invest in initiatives to deliver future

growth. We also have adapted our organization to respond to and take advantage of the changes taking place in our businesses and will continue to do so as we position Disney to thrive for years to come."

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