82.1 F
San Fernando
Thursday, Mar 28, 2024

Disney Posts Strong Profit for Q2

The Walt Disney Co. reported strong operating results across all its business units for the second quarter resulting in a 27 percent increase in net income, the company announced. The Burbank-based media conglomerate had a net income of $931 million, or $0.44 per diluted share, on revenues of $8.1 billion for the quarter ending March 31. That is a 27 percent increase over the $733 million in net income, or $0.37 per diluted share, on revenues of $8 billion for the same period in 2006. Revenues were up for the quarter in the Media Networks, Parks and Resorts and Consumer Products divisions. The Studio Entertainment division had a 13 percent drop in revenues with $1.5 billion compared to the $1.8 billion for the second quarter of 2006. The decrease was partially due to fewer titles being released during the first three months of the year.

Featured Articles

Related Articles