Media mogul Walt Disney reported fourth-quarter net income of $877 million, or 44 cents per share, after the close. Sales for the quarter rose to $8.93 billion versus last year's $8.65 billion. Excluding tax adjustments, DIS would have earned 42 cents per share, edging out the Street's view for 41 cents. The company said in press release that it saw growth across the board, contributing to the gains.
DIS was one of the few bright spots on the session today, adding 0.39% by the close of trading. Meanwhile, pessimism was high ahead of the report, with the stock's Schaeffer's put/call open interest ratio (SOIR) of 0.73 ranking above 78% of all those taken during the past year, indicating a preference for puts over calls among speculators. Furthermore, if analysts are impressed, there is ample room for potential upgrades that could help boost the shares tomorrow. Currently, 7 of the 15 analysts covering DIS rate the shares a hold.