Disney Beat Earnings but...
Revenue +8% Y/Y to $23.5B($0.2B beat).
Non-GAAP EPS $0.99($0.20 beat).
Media not profitable:Can't imagine Disney produce so many good movies... but can't make a profit from them 
Jobs & Budget cuts:- Firing 7,000 employees & slashing $5.5B in cost.
- Catch-22 here: they need to trim expenses. But at the same time, they can't grow if they are trimming.
Dividends:Reintroducing dividends when the business segments & cash flow are not stabilized yet seems puzzling. 
Perhaps they need to please investors. This short-term move is bad for the company long-run.
Conclusion:
Disney is still a long way from making a comeback as a growing profitable business.
Altho Disney has a strong brand, I won't be investing it anytime soon.
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Silverbat : Buy dips and hold 126