Tuesday, 15 May 2012

‘John Carter’ Flop Fails to Impact Walt Disney 21 Percent Profit Growth

The 'John Carter' film debacle failed to impact the earnings of Walt Disney Co (NYSE : DIS), which reported strong quarterly earnings on the strength of robust television and theme park income. The company posted quarterly net income of $1.14 billion, or 63 cents a share, which meant 21 percent increase from a profit of $942 million, or 49 cents a share, a year earlier.

Disney said that revenue in the quarter went up 6 percent to $9.6 billion for the second quarter ended March 31, compared with the year ago quarter. It forecasts a bright future and said that it was planning to make a sequel to its current hit, 'The Avengers.'

No comments:

Post a Comment