Posted Tuesday, February 1, 2005 10:50 AM | Contributed by Jeff
Disney's latest financial report indicates solid gains from a rebounding domestic theme park business, its hugely successful ESPN sports cable network, and a movie studio that is still reaping the benefits of a blockbuster 2003. The company reported five percent growth in net income, to $723 million, and a one percent increase, to $8.7 billion in sales. Observers say the company's image needs some work after a year of airing its dirty laundry.
Read more from CNN.
All of this seems to bode well for the domestic park business. Unfortunatley, I cannot predict the movie and ABC successes or failures which, in my opinion, have been dragging this stock down recently. I do not think the PR stuff is going to be a big issue going forward, but what do I know?
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