Announcement

Collapse
No announcement yet.

Disney reports higher third-quarter profit - Reuters, 8/1/07

Collapse

Ad Widget

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

  • Disney reports higher third-quarter profit - Reuters, 8/1/07

    http://today.reuters.com/news/articl...LTS-URGENT.XML


    Walt Disney Co, the No. 2 U.S. entertainment company, reported a higher net profit on Wednesday, driven by strong performances at its television network, parks and consumer products businesses.

    Disney, which runs broadcast, movie entertainment, theme parks and consumer products businesses, said its fiscal third quarter net income from continuing operations rose to $1.2 billion, or 58 cents per share from $1.1 billion, or 51 cents per share a year earlier.

    Revenue rose 7 percent to $9.045 billion, from $8.47 billion a year ago.

    During the quarter, Disney released the hit films "Pirates of the Caribbean: At World's End" and "Ratatouille," finalized the sale of its ABC radio stations, and concluded a probe into backdated stock options at its Pixar Animation Studio.

    Disney shares traded between $36.55 and $33.40 during its fiscal third quarter, at a price-to-earnings ratio of 15.8 times estimated fiscal 2008 earnings. Shares of Time Warner Inc traded at 16.5 times estimated 2008 earnings, and Viacom Inc traded at a multiple of 14.7.
    The full report in .pdf format can be viewed here.

    http://amedia.disney.go.com/investor...ns/2007_q3.pdf
    Check out my Theme Park Photos at http://darkbeer.smugmug.com

  • #2
    Re: Disney reports higher third-quarter profit - Reuters, 8/1/07

    It also in the report announced that it purchased Club Penguin, the online virtual world for kids that has 700,000 registerd subscribers for $350 million.

    Sorce: Marketwatch
    Check out my other blog:

    Comment


    • #3
      Re: Disney reports higher third-quarter profit - Reuters, 8/1/07

      Some Third Quarter numbers from Tom Staggs on the conference call (3Q is April thru June).

      WDW attendance was up 4%

      Disneyland Resort attendance was basically flat

      Disneyland Paris attendance was up 9%

      Hong Kong Disney "Attendance is less than we like"

      WDW hotel occupancy was 93%

      DLR hotel occupancy was 96%
      Check out my Theme Park Photos at http://darkbeer.smugmug.com

      Comment

      Ad Widget

      Collapse
      Working...
      X