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May 10, 2006
Entertainment Giant Earns $733 Million in 2nd Quarter
The success of ABC-TV shows such as Desperate Housewives and the unexpected hit High School Musical on the Disney Channel helped hike Walt Disney Co. profit by 12 percent during the first three months of 2006. Disney's theme parks helped too -- despite troubled performances in Paris and Hong Kong -- according to the second-quarter financial report Disney filed Tuesday. The company offered diluted earnings of 37 cents a share, compared with earnings of 31 cents a share for the second quarter of the 2005 fiscal year. Also for the quarter, which ended April 1, Disney reported profit of $733 million, up from the $657 million that the company earned in January, February and March of 2005.
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