| Walt Disney Co. Reports Strong Q1 Profits
The Walt Disney Co. reported another strong quarter of increasing revenue and profits this afternoon, and beat expectations by offering diluted earnings of 63 cents per share, though that was lower than last year's offering. In Disney's first quarter, which ended Dec. 29, revenue was reported at $10.45 billion, up 9 percent for the quarter over the same three-month period in the 2006-07 fiscal year. Disney reported a strong quarter for its parks and resorts segment, where revenue totaled $2.77 billion, up 11 percent over last year, and operating income reached $505 million, up 25 percent over last year.
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Posted By: Figment! @ 10:01 AM | 
