Topics

Recreational and Sporting Goods Industry
Walt Disney earnings surge 22% on strength of studio, theme parks
Walt Disney earnings surge 22% on strength of studio, theme parks

Walt Disney Co. reported a 22% increase in net income for its fiscal third quarter, buoyed by the strong performance of its film studio and theme parks division. The Burbank company posted net income of $2.25 billion, or $1.28 a share, for the quarter that ended June 28, up from $1.85 billion, or $1.01, a year earlier. Revenue rose 8% to $12.47 billion. Disney, the world's largest entertainment and media company, beat the expectations of analysts, who had predicted earnings of $1.17 a share, according to investment research firm Zacks.  “Our strategy of building strong brands and franchises continues to create great value across our company,” Robert A....

Loading