Reuters ALERT after I posted the article below:
RTR 11/04 16:54
Alert: CORRECTED-WALT DISNEY Q4 SHR $0.04 (NOT $0.66)
November 04, 1999 16:47
Disney Releases Year-End Results, Declares Annual Dividend
BURBANK, Calif.--(BUSINESS WIRE)--Nov. 4, 1999--The Walt Disney Co. Thursday reported earnings for the year and fourth quarter ended Sept. 30, 1999.
Revenues for the full year increased 2 percent to $23.4 billion. Excluding the impact of certain fourth-quarter restructuring charges and the company's November 1998 acquisition of a 43 percent interest
in Infoseek Corp., operating income was $3.2 billion, a 21 percent decline; net income was $1.4 billion; and diluted earnings per share were 66 cents, off 27 percent.
Including the restructuring charges and Infoseek, operating income, net income and earnings per share were $3.4 billion, $1.3 billion and 62 cents, respectively.
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