Disney Posts Larger Than Expected Profit

by All Things Mouse Staff on November 12, 2009
The Disney Company

The Walt Disney Company managed to increase its revenue and profit more than experts had predicted according to financial figures released today for the third quarter.

Based on a strong performance from its cable businesses, revenue for the last quarter was $9.87 billion which is a 4.5% increase.  The cable arm posted a 14% increase for itself, making it the most profitable division of the company.

The parks division (including the theme parks, cruise lines, vacation clubs, etc.) saw a 17% revenue drop, but this was less than expected due to the sluggish economy.  Experts had predicted a larger loss as travel is down across the board.

Overall earnings was enough to show a $.46 profit per share beating out last years same quarter profit results by $.02 a share.

Walt Disney World Official 2015 Birnbaum's Guidebook

Walt Disney World Official 2015 Birnbaum’s Guidebook

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