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Disney's net income benefits from tax reform boost in Q1'18, revenue up 3.9% YOY

Walt Disney Co. on Feb. 6 reported a 78.2% year-over-year gain in fiscal first-quarter net income attributable to the company to $4.42 billion, or $2.91 per share, from net income of $2.48 billion, or $1.55 per share.

Results reflected a $1.60 billion one-time net tax benefit associated with recent U.S federal tax law changes and certain other items impacting comparability.

The S&P Capital IQ consensus estimate for GAAP EPS was $1.61.

Revenue for the fiscal first quarter was $15.35 billion, up 3.9% year over year from $14.78 billion.