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Disney profit rises 21% on parks, TV networks
CHICAGO (MarketWatch)
Walt Disney Co. said Tuesday that its fiscal second-quarter profit rose 21% on improved results at its theme parks and resorts, along with its ESPN and ABC television networks
The entertainment conglomerate said it earned $1.14 billion, or 63 cents a share, compared with a profit of $942 million, or 49 cents, in the year-ago period
Excluding items, Disney said it would have earned 58 cents a share in the latest three months
Analysts polled by FactSet Research were expecting a profit of 55 cents a share on revenue of $9.56 billion.
Walt Disney Co. said Tuesday that its fiscal second-quarter profit rose 21% on improved results at its theme parks and resorts, along with its ESPN and ABC television networks
The entertainment conglomerate said it earned $1.14 billion, or 63 cents a share, compared with a profit of $942 million, or 49 cents, in the year-ago period
Excluding items, Disney said it would have earned 58 cents a share in the latest three months
Analysts polled by FactSet Research were expecting a profit of 55 cents a share on revenue of $9.56 billion.
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