COMPANY TOWN ANNEX

Disney Reports Record Earnings: Burbank-based Walt Disney Co. posted a record profit for the fourth quarter and full year as people flocked to its theme parks, resorts and films like “Pocahontas.” The entertainment giant said its net income for the three months ended Sept. 30 jumped 17% to $264 million, or 50 cents a share, from $225.9 million, or 42 cents a share, a year earlier. Revenue rose 16% to $3.12 billion from $2.7 billion. For the full year, net income leaped 24% to $1.38 billion, or $2.60 a share, from $1.11 billion, or $2.04 a share, as revenue rose 20% to $12.11 billion from $10.06 billion. The results were in line with Wall Street estimates, but Disney’s stock, which began trading 25 minutes late on the New York Stock Exchange, fell $1.375 to $61.50.