On Wednesday, Shares of The Walt Disney Company (NYSE:DIS), lost -0.98% to $109.72.
The Walt Disney Company, stated earnings of $2.1 billion for its second fiscal quarter ended March 28, 2015. Diluted earnings per share (EPS) for the second quarter raised 14% to $1.23 from $1.08 in the preceding-year quarter. Not taking into account certain items affecting comparability, EPS for the quarter raised 11% to $1.23 from $1.11 in the preceding-year quarter. EPS for the six months ended March 28, 2015 raised 18% to $2.50 from $2.11 in the preceding-year period. Not taking into account certain items affecting comparability, EPS for the six months raised 16%.
Parks and Resorts
Parks and Resorts revenues for the quarter raised 6% to $3.8 billion and segment operating income raised 24% to $566 million. Operating income growth for the quarter was due to an enhance at our domestic operations, partially offset by a decrease at our international operations.
Higher operating income at our domestic operations was due to enhances in guest spending and volumes, partially offset by higher costs. Guest spending growth was primarily due to enhances in average ticket prices at our theme parks and cruise line, raised food, beverage and merchandise spending and higher average hotel room rates. The enhance in volumes was primarily due to attendance growth at Walt Disney World Resort and sales of vacation club units at Disney’s Polynesian Villas & Bungalows, partially offset by lower attendance at Disneyland Resort. Cost enhances were due to labor and other cost inflation and higher pension and postretirement medical costs.
Lower operating income from our international operations was primarily due to lower attendance at Hong Kong Disneyland Resort, higher operating costs at Disneyland Paris and Hong Kong Disneyland Resort, and, to a lesser extent, higher pre-opening expenses at Shanghai Disney Resort. These decreases were partially offset by higher average ticket prices and food, beverage and merchandise spending at Disneyland Paris.
The Walt Disney Company, together with its auxiliaries, operates as an entertainment company worldwide. The company operates in five segments: Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products, and Interactive.
Shares of The Dow Chemical Company (NYSE:DOW), declined -0.92% to $50.88, during its last trading session.
The Dow Chemical Company, declared that it has closed on the acquisition of ExxonMobil Chemical Company’s ownership share of Univation Technologies, LLC, formerly a 50/50 joint venture with Dow.
In October 2014, Dow and ExxonMobil declared jointly the signing of a definitive agreement to restructure the ownership of Univation Technologies, LLC. This transaction was a collaborative decision between Dow and ExxonMobil and aligns to Dow’s planned focus on investing in businesses with strong competitive positions in attractive markets.
Univation Technologies is the licensor of UNIPOL™ PE Process Technology and the leader in the development, manufacture and sales of PE catalysts for the UNIPOL™ PE Process. Univation Technologies will continue to license its UNIPOL™ PE Process Technology, counting swing capability for linear low density polyethylene and high density polyethylene. Additionally, Univation Technologies will continue to develop and supply all catalysts, counting: UCAT™ Conventional, ACCLAIM™ Advanced Unimodal, XCAT™ Metallocene and PRODIGY™ Bimodal Catalysts.
Univation Technologies will operate as a wholly-owned partner of Dow, led by President Steve Stanley. Univation Technologies will continue to be based in Houston, Texas.
The Dow Chemical Company manufactures and supplies products that are used primarily as raw materials in the manufacture of customer products and services worldwide. It operates through Agricultural Sciences, Consumer Solutions, Infrastructure Solutions, Performance Materials & Chemicals, and Performance Plastics segments.
At the end of Wednesday’s trade, Shares of Encana Corporation (NYSE:ECA), lost -1.71% to $13.80.
Encana Corporation, will release its first quarter 2015 results and hold its Annual and Special Meeting of Shareholders on Tuesday, May 12, 2015. The news release detailing Encana’s first quarter 2015 results will provide operating and financial information. Financial statements will be accessible on the company’s website.
A conference call and webcast to talk about the results will be held for the investment community the same day starting at 7 a.m. MT (9 a.m. ET).
Encana Corporation, together with its auxiliaries, engages in the development, exploration, production, and marketing of natural gas, oil, and natural gas liquids in Canada and the United States.
Finally, JetBlue Airways Corporation (NASDAQ:JBLU), ended its last trade with -1.07% loss, and closed at $21.17.
New York Governor Andrew Cuomo joined with JetBlue Airways Corporation, New York’s Hometown Airline™, and its charter partner, Cuba Travel Services, recently to declare a new flight from New York to Havana, Cuba. The milestone makes JetBlue the first major carrier to declare a new flight to Cuba from New York since travel restrictions were recently eased.
The expanded charter service comes on the heels of Governor Cuomo’s trade mission to Cuba, where the Governor, joined by JetBlue CEO Robin Hayes and other New York business leaders, led a dialogue to connect New York businesses to new opportunities in Cuba.
Cuba Travel Services is offering the flight, operated by JetBlue, on Fridays from New York’s John F. Kennedy International Airport (JFK) to Havana’s José Martí International Airport (HAV) starting July 3, 2015.
JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2014, the company operated a fleet of 13 Airbus A321 aircrafts, 130 Airbus A320 aircrafts, and 60 EMBRAER 190 aircrafts. It also served 87 destinations in 27 states in the United States (the U.S.), the District of Columbia, the Commonwealth of Puerto Rico, the U.S. Virgin Islands, and 17 countries in the Caribbean and Latin America.
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