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August 03, 2006
Parks Driving Growth For Disney
Theme park revenue will help drive third-quarter growth for the Walt Disney Company, according to a report by Credit Suisse. "We believe the parks will benefit from strength at Disneyland Paris, eight extra vacation days in the quarter due to the Easter shift, as well as room reservations pacing up high single digit," said William Drewry, an analyst for the research firm. When Disney reports its third-quarter earnings on Aug. 9, Drewry said that he expects theme park revenue to increase 9.9%
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