Term Papers on Resorts Help Earnings For Disney from Term Papers Lab.
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A strong performance from Walt Disney World and other Disney theme parks helped the company reach another profitable quarter last winter.
The company reported Tuesday that while total sales were up just 1 percent to $8.07 billion, profit reached $931 million for the second quarter of the 2007 fiscal year, 27 percent better than profits posted in the same three months in 2006.
With that, Disney offered diluted earnings of 44 cents per share to investors. The offer beat consensus market expectations of around 36 cents, and the 37 cents per share that Disney offered following its second quarter of 2006.
"We've had another excellent quarter, posting double-digit increases in net income and earnings per share," said Disney President and Chief Executive Officer Robert Iger. "These results are evidence of our ability to nurture great creativity, our strength in operating a broad range of businesses, and our commitment to financial discipline. . . . They validate our strategic......
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Title: Resorts Help Earnings For Disney
Approximate Word Count: 677
Approximate Pages: 3 (250 words per double-spaced page)
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