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February 08, 2007
The Wonderful World of Disney Earnings
Walt Disney Co. Wednesday reported solid gains in sales and profits for the latest quarter, driven by healthy sales of "Pirates of the Caribbean" and "Cars" DVDs as well as strong results at its ESPN and ABC networks. Disney reported sales climbed 10 percent to $9.7 billion for its fiscal first quarter ended Dec. 30, ahead of the $9.5 billion that analysts were expecting, according to estimates from Thomson First Call. The Burbank, Calif.-based media giant also reported net profit more than doubled to $1.7 billion, or 79 cents a share.