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Disney reports higher profit on parks, studio
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by Amy Judd | May 6, 2008 at 02:45 pm
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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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Most RecentMost Recommended Comments (2)
at 18:03 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.
at 02:00 on May 7th, 2008
Yes, it was packed with people this past weekend.