Wednesday, February 9, 2011

Disney profit up

Via the Orlando Sentinel. A rebound in its theme parks during the final three months of 2010 helped propel the Walt Disney Co. to 54 percent quarterly profit growth, the company announced. Disney said it made $1.3 billion for the three months that ended Jan. 1, the first quarter in the company's fiscal year, up from $844 million a year earlier. Companywide revenue rose 10 percent to $10.7 billion. The results easily topped Wall Street expectations. "It's a great start to a new fiscal year," Disney Co. President and Chief Executive Officer Bob Iger said.


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