Disney’s Parks and Resorts Perform Well in 2Q15
At a May 13 MoffettNathanson event, Walt Disney’s (DIS) senior vice president of investor relations discussed the company’s Parks and Resorts segment.
In the MoffettNathanson Media & Communications Summit on May 13, the company highlighted its intellectual properties portfolio.
At a May 13 MoffettNathanson event, Walt Disney’s (DIS) senior vice president of investor relations, Lowell Singer, discussed the company’s acquisitions.
An integrated business model helps Walt Disney (DIS) utilize value created by its intellectual properties such as Frozen across its different segments.
Disney (DIS) performed well in 2Q15. The media conglomerate’s revenue increased by ~7% year-over-year to ~$12.5 billion.
In fiscal 4Q15, Symantec’s (SYMC) licensing non-GAAP revenue grew 2% to $200 million. Licensing revenues saw an increase of 5% on a year-over-year basis.
Growth in the NetBackup appliance market has ensured an increase in Symantec’s PBBA revenues. They were $417.5 million in 2014 compared to $359.4 million in 2013.
Veritas was the only one to report growth in 4Q15. Veritas’s non-GAAP revenues grew to $2.56 billion. It was a meager growth of 1% on a year-over-year basis.
Veritas is expected to split off by October 2015. The Dow Jones Newswires believes Veritas could fetch more than $8 billion, which would bring substantial cash flows into Symantec.
In 4Q15 and fiscal 2015, Symantec’s Consumer Security segment had revenues of $438 million and $1.92 billion, respectively, a decline of 13% and 7%.
eBay’s CEO, John Donahoe, has been in the news often. Two proxy firms urged Intel’s shareholders to vote against Donahoe for the director position at Intel.
The loan business is becoming a big business for payment processing firms like eBay’s (EBAY) PayPal. PayPal has plans to raise the highest loan limit.
Amazon credits the Prime program’s popularity for the growth in its operating profits in 1Q15—Amazon’s best results in the US for the last few quarters.
The increased popularity of Amazon’s Prime program could prompt eBay to launch a similar program. eBay could be testing the same-day delivery program in Germany.
Despite Enterprise Security’s degrowth in fiscal 2015, its two subsegments successfully achieved 5% and 6% year-over-year growth, respectively.
In Symantec’s 4Q15 earnings release, management stated that company initiatives elevated operating profits by $150 million in fiscal 2015.
Symantec’s negative working capital cycle and strong cash flow generation allow it to return cash to shareholders without resorting to external funding.
Symantec’s (SYMC) Enterprise Security segment reported a revenue drop of 6% quarter-over-quarter and 2% year-over-year.
On May 14, 2015, Symantec (SYMC) declared its fiscal 4Q15 and 2015 earnings results. It missed 4Q15 earnings estimates, and the share price went down 3.5%.
Robust earnings growth, low leverage, and financial stability could cause mature tech companies to increase dividends by a large margin in the future.
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