Disney has eighth straight quarter of year-over-year increase of revenue and profit

Posted | Contributed by Jeff

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.