No announcement yet.

Disney profit up, studio strong

This topic is closed.
  • Filter
  • Time
  • Show
Clear All
new posts

  • Disney profit up, studio strong

    Disney profit up, studio strong

    The Hollywood Reporter
    May 9, 2007

    The Walt Disney Co. reported Tuesday a higher-than-expected net profit as a result of strength across all its business segments, especially its movie studio business.

    The No. 3 U.S. entertainment company reported a net profit of $931 million, or 44 cents per share, compared with $733 million, or 37 cents per share, in last year's second quarter. Revenue rose to $8.07 billion from $8.03 billion a year ago.

    Analysts, on average, expected net earnings of 36 cents per share and revenue of $8.1 billion, according to Reuters Estimates.

    Disney shares traded on Tuesday at a multiple of 17.8 times 2008 earnings. Viacom Inc. was trading at 16 times 2008 earnings and Time Warner Inc. was at 18.6 times.
    "If you don't know how to draw, you don't belong in this building" - John Lasseter 2006

Ad Widget


There is currently 1 user online. 0 members and 1 guests.

Most users ever online was 3,719 at 09:15 AM on 07-20-2012.