Thursday, August 02, 2007

Disney Profit Rises 4.7 Percent

Disney continues to perform exceptionally well for the 2nd quarter, beating analysts expectations.

Net income rose to $1.18 billion, or 57 cents a share, from $1.13 billion, or 53 cents, a year earlier, Burbank, California- based Disney said today in a statement. Sales rose 6.7 percent to $9.05 billion. Disney also said today it acquired Club Penguin, a children's Web site, for $350 million and may pay another $350 million if the founders meet financial goals


I would say that if you are a stockholder in Disney, there's nothing here that would cause you undue worry, especially with the way other parts of the stock market have been performing lately (can we say "housing"?).

Zz.

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