Record Earnings

[hobie16]

Disney reports record earnings
By James O'Toole @CNNMoney November 10, 2011: 6:42 PM ET

Disney's (DIS, Fortune 500) net income for the quarter hit $1.1 billion, a 30% increase from last year, while revenues were up 7% to $10.4 billion.

Earnings per share were 58 cents, up from 43 cents a year ago. Analysts surveyed by Thomson Reuters had predicted the company would report earnings of 54 cents a share.

For the company's 2011 fiscal year, which ended on October 1, revenues increased 7% and net income was up 21%. This growth was driven by strong performances from the company's consumer products and parks and resorts segments, as well as by cable networks including ESPN and the Disney Channel.

"We are confident the Company is well-positioned to deliver long-term value for our shareholders with our focus on quality content, compelling uses of technology and global asset growth," Disney President and CEO Robert Iger said in a statement.

http://money.cnn.com/2011/11/10/news/co ... _earnings/

[DisneyMom]

And WE helped! :D:

[DonutGoddess]

And WE helped! :D:

LOL I know I certainly did!

[WEDFan]

Woo hoo! We helped, too, but if the stock goes up enough we can retire on the profits. What do you all think... will the stocks go from around $30 per share to $5,000? :D:

Be honest, but remember -- these are my hopes you might crush!

** Racing to retirement ** :turtlerid

[ktulu]

To the shareholders of Disney:

You're welcome.

Sincerely,
the ktulu family

[Natural Selection Fan]

A stick of gum for EVERYBODY! yay.

[hobie16]

Better be more than gum. Stock's up $2.34 so far today.

[Main Streeter]

To the shareholders of Disney:

You're welcome.

Sincerely,
the ktulu family

I was thinking same when I read the earnings. Was with you & helped spend some of Ktulu Family funds @ DL. Thank you for contributing Ktulu Family. ;)

[hobie16]

Shares hit an all time high in after hour trading after strong earning were announced.

"We're incredibly optimistic about our future, given the strength of our core brands, Disney, Pixar, Marvel, ESPN, and ABC, and our extraordinary ability to grow franchises across our businesses," Disney CEO Robert Iger said in a statement.

Disney reported earnings, excluding certain items, of 58 cents a share on $9.6 billion in revenue. Shares closed at $44.30 on Tuesday before gaining 1.3% in after-hours trading, hitting $44.86.

[hobie16]

ESPN Spurs Disney Gains, but Forecast Is Cautious
By BROOKS BARNES

LOS ANGELES — Disney reported robust fourth-quarter growth on Thursday, but signaled that its next earnings period would be unusually bumpy.

For the fiscal quarter ended Sept. 29, the Walt Disney Company reported a profit of $1.24 billion, or 68 cents a share, a 14 percent increase from $1.09 billion, or 58 cents a share, a year earlier. Disney met analyst expectations, although the company typically beats them.

Revenue increased a modest 3 percent, to $10.78 billion.

Disney’s theme park and consumer products units each delivered strong growth, but ESPN — as usual — gave the entertainment conglomerate its biggest boost. The operating income of Disney’s cable television division, centered on ESPN and Disney Channel, climbed 9 percent, to $1.38 billion. The growth was powered by higher fees that cable providers paid for ESPN, as well as decreased marketing costs.

Still, the quarterly results were not all positive. Disney’s movie operation was weak, reporting operating income of $80 million, a 32 percent decline from the year-earlier period — even though the studio had a blockbuster DVD release in “The Avengers.” Lower worldwide theatrical results and high marketing costs for “Frankenweenie,” which flopped at the box office, were to blame. full article