Disney revenue up, theme parks up 11%

Posted Wednesday, August 9, 2006 9:34 AM | Contributed by Jeff

The Walt Disney Company today reported earnings for the third quarter and nine months ended July 1, 2006. Diluted earnings per share (EPS) for the third quarter increased 36% to $0.53, compared to $0.39 in the prior-year quarter. For the nine-month period, EPS increased 24% to $1.28, compared to $1.03 in the prior-year period. Net income for the third quarter and nine months ended July 1, 2006 was favorably impacted by a $30 million net benefit associated with the completion of the Pixar transaction. EPS was also impacted by the dilution from the shares issued in the Pixar acquisition.

Parks and Resorts revenues for the quarter increased 11% to $2.7 billion and segment operating income grew 26% to $549 million due to increases at both domestic resorts and at Disneyland Resort Paris. Operating income growth at domestic resorts was primarily due to increased guest spending, theme park attendance and hotel occupancy.

Read the press release from Business Wire.

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