Tuesday, May 6, 2008

Creativity trumps negativity.

Disney reported a strong Q2 after the close today, with Iger saying, "I believe our creative pipeline has never been stronger."

Highlights from the earnings release:

Strong growth in its media networks, film studios and theme parks lifted The Walt Disney Co.'s second-quarter net profit 22 percent from a year ago, the company said Tuesday. Disney said it earned $1.13 billion, or 58 cents per share, in the quarter ended March 29, compared with $931 million, or 44 cents per share, a year earlier.

Revenue for the period grew 10 percent to $8.71 billion.

The results beat Wall Street estimates. Analysts expected earnings of 51 cents per share on $8.47 billion in revenue, according to Thomson Financial.

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