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April 12, 2004

Disney CFO Sees 2004 Earnings up More Than 40%

Walt Disney Company Chief Financial Officer Tom Staggs said on Monday that earnings from continuing operations at the media giant would rise more than 40 percent in fiscal 2004 compared with last year. Staggs's forecast topped Disney previous earnings target of more than 30 percent growth, although Wall Street analysts on average are even more bullish. The forecast came after Disney's $100-million epic film "The Alamo" sold barely $9 million in tickets its opening weekend.

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