A strong performance by DVD sales in the first quarter boosted the Walt Disney Co.'s earnings. The firm's net income for the quarter ended Dec. 30 more than doubled to $1.701 billion, compared with $734 million in the same period last year. The DVD sales that helped the company during the period included the Disney/Pixar film "Cars" and the re-release of "The Little Mermaid."
$734,000,000,000 ?
$1,701,000,000,000,000,?
2007-04-05 02:48:29
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answer #1
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answered by LucySD 7
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WAlt Disney Co reported a 24 percent increase in its fourth-quarter income and 8 percent increase in its revenue.
The Burbank, Calif.-based media company reported $64 million in restructuring charges for the fiscal year related to the sale of its Disney Stores.
Quarterly income rose to $516 million, or 25 cents per share. For the fiscal year, income increased 85 percent to $2.3 billion, or $1.12 per share.
Quarterly revenue increased to $7.5 billion from $7 billion, and 12-month revenue rose to $30.7 billion from $27 billion.
Yearly revenue from its parks and resorts sector increased 21 percent to $7.8 billion. For the quarter, parks and resorts revenue increased 31 percent to $2.2 billion.
Studio entertainment revenue for the year increased 18 percent to $8.7 billion. For the quarter, studio entertainment revenue decreased 14 percent to $1.9 billion.
2007-04-05 02:32:29
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answer #2
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answered by Aj 3
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Disney's yearly income rises
Walt Disney Co. reported a 24 percent increase in its fourth-quarter income and 8 percent increase in its revenue, despite hurricanes that temporarily shut down theme parks in Central Florida in the quarter.
The Burbank, Calif.-based media company reported $64 million in restructuring charges for the fiscal year related to the sale of its Disney Stores.
Quarterly income rose to $516 million, or 25 cents per share, compared to $415 million, or 20 cents per share, in the same period last year. For the fiscal year, income increased 85 percent to $2.3 billion, or $1.12 per share, from $1.2 billion, or 62 cents per share, in the comparable period.
Quarterly revenue increased to $7.5 billion from $7 billion, and 12-month revenue rose to $30.7 billion from $27 billion.
Yearly revenue from its parks and resorts sector increased 21 percent to $7.8 billion. For the quarter, parks and resorts revenue increased 31 percent to $2.2 billion.
Studio entertainment revenue for the year increased 18 percent to $8.7 billion. For the quarter, studio entertainment revenue decreased 14 percent to $1.9 billion.
For the quarter, operating income at Walt Disney World decreased slightly as increased guest spending was offset by decreased attendance. The decreased attendance was blamed on the hurricanes that hit Florida. Higher guest spending at Disneyland for the year and quarter also was driven by ticket price increases and less discounting.
Walt Disney Co. (NYSE: DIS) operates Walt Disney Parks & Resorts; owns ABC television network, 10 broadcast stations and more than 60 radio stations; and produces films through Walt Disney Studios.
2007-04-05 03:04:36
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answer #3
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answered by Stephanie 2
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