Disney reports higher profit on parks, studio

by amyjudd | May 6, 2008 at 06:45 pm | 441 views | 2 comments

Walt Disney Co is reporting a higher quarterly profit, with high numbers at their theme parks and studios.
So it seems like not all areas of the American economy are going downhill.

Net income in the fiscal second quarter ended March 29 was $1.1 billion, or 58 cents per share, compared with $919 million, or 44 cents per share, in the same quarter last year.

Revenue rose to $8.71 billion from $8.07 billion a year earlier.

Analysts, on average, had expected revenue of $8.49 billion, according to Reuters Estimates.

Disney shares closed up 1.3 percent at $33.73 on Tuesday on the New York Stock Exchange.

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hypothetical_error

at 22:03 on May 6th, 2008

Disneyland was just as busy as ever, if not more so. Perhaps people are saying "Balderdash!" to the recession and putting these trips on credit cards.

hypothetical_error has contributed a photo to this story.

muffyvan

at 06:00 on May 7th, 2008

Yes, it was packed with people this past weekend.