Disney Corporate News: 1Q Profit Climbs 12%

Well, looks like the Parks division and Media Networks division saw good growth in the past quarter. Walt Disney Co.’s (DIS) fiscal first-quarter profit rose a stronger-than-expected 12% as the company’s theme-park division benefited from higher spending and attendance. Shares slid 2% to $40.16 after hours as revenue missed expectations. In March, the stock hit … Read more

Article: Disney Net Income Up 30% in 4th Quarter

Good news for Disney this quarter! Walt Disney Co. reported strong fourth-quarter earnings, buoyed by gains at Disney Channel and ESPN and at the Burbank company’s theme parks. The entertainment giant reported net income of $1.08 billion for the quarter ending Oct. 1, a jump of 30% compared with a year earlier. Revenue also rose … Read more