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Technology Stocks : Walt Disney

DIS 103.43

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From: JakeStraw	8/11/2010 8:42:49 AM
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The Walt Disney Company Reports Third Quarter Earnings finance.yahoo.com August 10, 2010 BURBANK, Calif.--(BUSINESS WIRE)--The Walt Disney Company (NYSE:DIS) today reported earnings for its third fiscal quarter and nine months ended July 3, 2010. Diluted earnings per share (EPS) for the third quarter increased 31% to $0.67 from $0.51 in the prior-year quarter. For the nine month period, EPS increased 24% to $1.60 from $1.29 in the prior-year period. The quarter and nine month results were driven by growth at Media Networks and Studio Entertainment. Media Networks benefitted from earlier recognition of previously deferred revenue at ESPN. “We’re very pleased with our strong third quarter, in which we grew revenues substantially and improved profitability across the majority of our businesses,” said President and Chief Executive Officer Robert A. Iger. “Our performance underscores the value of sticking to a smart strategy even in tough times, of investing in the right people, and of focusing relentlessly on quality and innovation to drive growth in shareholder value.”

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