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Disney Theme Parks - Higher Park, Hotel Prices Help Boost Disney Profits
Tuesday, September 12 2006 at 11:02
Increased ticket and hotel prices have paid off for The Walt Disney Co., which attributed much of its financial success in the just-ended quarter to its theme park business.
The company's feature-film and home-video operations also helped boost the bottom line, with profit coming in significantly above analyst expectations.
Disney reported Wednesday a profit of $1.13 billion, 53 cents a share, in the fiscal third quarter ended July 1, compared with profit of $811 million, 39 cents a share, in the same period last year. Quarterly revenue rose 12 percent to $8.62 billion from $7.72 billion last year.
Find out more about Disney's earnings being boosted by parks and hotel prices at floridatoday.com.