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Disney Beats Wall Street Estimates In ‘Star Wars’-Led Holiday Quarter

Disney outpaced Wall Street expectations in the last quarter of 2017, helped by the release of Star Wars: The Last Jedi and a $1.6 billion boost from the new federal tax law. Adjusting for the tax windfall and other one-time items, earnings rose 22% from the year-ago quarter to $1.89 per share, well above the analysts’ consensus per FactSet of $1.61 per share. Revenue slightly undershot estimates of $15.
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