The company's fourth-quarter revenue totaled $8.9 billion, compared with $8.7 billion during the same period last year. Fourth-quarter net profit amounted to $1.8 billion, a 14 percent increase, which allowed Disney to offer diluted earnings of 44 cents a share, up from 36 cents a year ago. A one-time tax adjustment accounted for 2 cents' worth of that increase, but even at 42 cents a share, the company's performance beat the 41-cent prediction of stock analysts surveyed by Thomson/First Call.
Read more from The Orlando Sentinel.
Of course, they have ESPN, and ABC. The writers strike on ABC and all the networks might be a bad thing though because if they don't get there act together, the sponsors aren't going to pay a lot of money to be seen. Add the Rat movie, and Pirate's of the Caribbean, and you shall see why they are doing so good. It's kind of obvious.
--who guesses that ABC (other than Boston Legal and Ugly Betty) didnt add much to the bottom line...
I'm still a firm believer that quality is the reason they keep doing well. When their quality started to suffer around 1999/2000, their profits started showing it. But, they've done a big turnaround lately with Iger in charge.
edit: "Disney's Parks and Resorts, Consumer Products and Broadcast Networks divisions all posted higher sales for the quarter and identical, 7 percent sales increases for the fiscal year. They each also showed reported gains in operating profit."
Looks like ABC did just fine.
*** This post was edited by halltd 11/9/2007 1:51:39 PM ***
But hey, you could be right. Perhaps I'm discounting the female infatuation with 'Dr. McDreamy' ;)
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