Walt disney says eps from continuing operations for q4 decreased 72%
The walt disney company reports fourth quarter and full year earnings for fiscal 2019.diluted earnings per share (eps) from continuing operations for q4 decreased 72% to $0.43.excluding certain items affecting comparability, diluted eps for quarter decreased 28% to $1.07.media networks revenues for quarter increased 22% to $6.5 billion.qtrly revenues $19,100 million, up 34%.cable networks revenues for quarter increased 20% to $4.2 billion.q4 earnings per share view $0.95, revenue view $19.04 billion -- refinitiv ibes data.lower operating income in quarter was due to a decrease at espn, partially offset by consolidation of tfcf businesses.parks, experiences and products revenues for the quarter increased 8% to $6.7 billion.studio entertainment revenues for quarter increased 52% to $3.3 billion.walt disney - during quarter, recorded charges totaling $314 million, primarily for severance, in connection with the integration of tfcf.walt disney - decrease at espn was due to increases in programming, production & marketing costs, partially offset by higher affiliate revenue in quarter.increase in qtrly theatrical distribution results was due to performance of lion king, toy story 4 and aladdin in current quarter.direct-to-consumer & international segment qtrly operating loss increased from $340 million to $740 million.increase in qtrly direct-to-consumer & international segment operating loss was due to the consolidation of hulu.
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