Shares of Walt Disney (DIS) are falling up to 3% in after hours trading on Thursday. The worldwide entertainment company reported its fourth quarter results of its fiscal year of 2012 after the close.
Fourth Quarter Results
Walt Disney reported fourth quarter revenues of $10.78 billion, up 3.4% on the year. Revenues fell short of analysts consensus of $10.92 billion.
Net income rose 14.4% to $1.24 billion, with diluted earnings per share being up 17% on the year to $0.68 per share. Earnings came in line with analysts expectations.
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