Disney Earnings Up
Thanks to a rise in income from the theme parks, ESPN and such DVDs as FINDING NEMO and BROTHER BEAR, The Walt Disney Co. reported a 73% operating income growth for the second fiscal quarter ended March 31, 2004. Every division saw growth, except the film studio, thanks to disappointing box office returns from HIDALGO and other releases.
Disney reported net income of $537 million, or 26 cents per share, compared to last year's $314 million, or 15 cents per share, exceeding expectations. Revenues increased 11% to $7.189 billion compared to $6.5 billion last year.