After the closing bell on Tuesday, Disney (DIS) released its second quarter financial results. Here’s what the results mean for mutual fund investors.
Inside the Results
The company reported earnings of $2.11 billion, or $1.23 per share, up from $1.92 billion, or $1.08 per share, last year. Excluding special items, earnings were $1.23 per share – above analysts’ view of $1.11 per share.
Revenue increased 7% to $12.46 billion from $11.65 billion. Analysts expected to see revenue of $12.25 billion.
'Frozen' Remains in the Spotlight
Consumer product revenue increased 10% in the second quarter, led by ‘Frozen’ merchandise which sold 10 times more merchandise than it did in the same quarter a year ago.
The company noted that it also expects to see consumer excitement for consumer products for ‘Star Wars: The Force Awakens.’
Mutual Funds to Watch
Investors interested in DIS may also consider a mutual fund as an alternative to owning the individual stock. The funds below currently hold the largest stakes in DIS.
|VTSMX||Vanguard Total Stock Index Fund||1.55%|
|VFINX||Vanguard 500 Index||1.01%|
The Bottom Line
The funds above are a great way for investors to gain exposure to a diverse bundle of securities and industries. Investors interested in Disney may also be interested in SeaWorld Entertainment (SEAS) and Time Warner (TWX).