Shares of Walt Disney Company (NYSE: DIS), a diversified global entertainment company, are marginally lower in after-hours trading today.
At last check, DIS shares were down 0.88% to $49.37 in after-hours trading. The stock ended 0.32% higher at $49.81 in regular trading today.
DIS reported its third-quarter financial results after the closing bell today. DIS reported diluted earnings per share of $1.01 for the third quarter, up from $0.77 reported in the same period in the previous year.
Robert A. Iger, Chairman and CEO of Disney, said that the company had a phenomenal third quarter, delivering the largest quarterly earnings in its history. Iger said that earnings per share rose 31% over last year, driven by growth in every one of DIS’s businesses, and the also delivered record earnings per share for the first nine months of its fiscal year.
Disney’s sales for the quarter rose 3.9% to $11.1 billion, missing Street estimates of $0.93 per share.
Shares of Express Scripts Holding Company (NASDAQ: ESRX), a provider of integrated pharmacy benefit management services, are soaring in after-hours trading today.
At last check, ESRX shares were up 7.02% to $59.95 in after-hours trading. The stock ended 0.07% higher at $56.02 in regular trading.
ESRX shares are soaring in after-hours trading as investors digest the company’s second-quarter financial results. For the second quarter of 2012, ESRX reported net income of $170.9 million, or $0.21 per share. The company’s adjusted earnings per share for the quarter were $0.88.
George Paz, Chairman and CEO of Express Scripts, said that ESRX’s second-quarter results, the first as a combined organization, demonstrate the continued execution of the company’s business model of alignment. Paz said that ESRX is fully underway with the integration process and will continue to focus on lowering healthcare costs while improving health outcomes. Paz added that as a result of the company’s steadfast commitment to providing exemplary service and service and innovative offerings to clients and patients, it is experiencing strong retention rates.
ESRX said that as a result of strong operating performance, increased generic utilization and the accelerated realization of synergies, it now expects to achieve adjusted earnings per share for the full year to be in the range of $3.60 to $3.75. Total adjusted claims for the full year are expected to be approximately 1.4 billion.
Shares of Priceline.com Inc. (NASDAQ: PCLN), an online travel company offering customers hotel room reservations at more than 210,000 hotels globally through its Booking.com, priceline.com and Agoda brands, are sinking in after-hours trading today.
At last check, PCLN shares were down 15.56% to $574 in after-hours trading today. The stock ended 2.21 higher at $679.80 in regular trading today.
PCLN shares are sinking in after-hours trading even as the company reported an increase in its second-quarter profit.
For the second quarter, PCLN reported net income of $352.35 million, or $6.88 per share, compared to $256.37 million, or $5.02 per share reported for the same period in the previous year.
PCLN’s non-GAAP net income for the second quarter was $404.60 million, or $7.85 per share, compared to $282.56 million, or $5.49 per share reported for the same period in the previous year. The company’s adjusted net income beat Street estimates of $7.37 per share.
Revenue for the second quarter was $1.33 billion, compared to $1.10 billion reported for the same period in the previous year. The company’s second-quarter revenue fell short of Street estimates of $1.35 billion.
For the third quarter, PCLN expects non-GAAP net income to be between $11.10 per share and $12.10 per share, which is below Street estimates of $12.82 per share.
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