Disney (DIS)

Disney reported that for the fiscal fourth quarter ended Oct. 3, it reported a profit of $895 million, or 47 cents a share, up from $760 million, or 40 cents a share, a year earlier.

The latest quarter, which had one more week than a year ago, included gains from the merger of Lifetime Entertainment Services and A&E Television Networks as well as $166 million in restructuring and impairment charges. Excluding items, earnings rose to 46 cents a share from 44 cents. Revenue rose 4.5% to $9.87 billion.
Disney's cable networks, including ESPN and The Disney Channel, have eased much of the pain from the recession and that is reflected in the Q4 results.

Nov 13 · 11:13:00 AM · Source: Company News
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by Larry Etter