Disney theme park profit jumps 18% for the quarter

Posted | Contributed by Jeff

The Walt Disney Co. said Tuesday that it earned $1.5 billion during the three months that ended Dec. 31, a 12 percent increase from a year ago. Total sales inched up 1 percent to $10.8 billion for the quarter, the first of Disney's fiscal year. Disney's theme-park division, often viewed as a barometer of national consumer spending, set the pace. Operating profit at Walt Disney Parks and Resorts jumped 18 percent, to $553 million, on sales that rose 10 percent, to $3.2 billion.

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