The Walt Disney Company (DIS) reported fiscal first-quarter earnings on Tuesday and beating both earnings and sales expectations as revenue surged 36%. Earnings per share are $1.53 per share vs. $1.44 per share expected and revenue are $20.86 billion vs. $20.79 billion expected. Diluted EPS for the quarter decreased 17% to $1.53 from $1.84 in the prior-year quarter.
Disney has now 10 years of consecutive dividend increases. Current dividend yield 1.26%
The company said the recent closures of its parks in Shanghai and Hong Kong will negatively impact its fiscal second quarter and full-year result, due to the corona-virus.
