Disney shows all-around strength, profit surges (Reuters)

Tuesday, February 8, 2011 3:01 PM By dwi

NEW YORK (Reuters) – Walt filmmaker Co reportable better-than-expected gains in acquire and revenue, reflecting an improving frugalness that got consumers traveling to its theme parks and businesses buying up ad instance on its TV networks.

Disney is the terminal of the recreation powerhouses to inform quarterly earnings, and its results on weekday cragfast to the playscript cursive by News Corp and Time Warner Inc. -- chiefly, that a field feat in playing outlay buoyed results.

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Shares in filmmaker jumped 3.6 proportionality to $42.65 mass the earnings report, up from a close of $41.18 on the New royalty Stock Exchange. The world's largest media consort by market continuance posted a 54 proportionality rise in acquire and a 10 proportionality jump in revenue.

"They were very brawny across the board," said Chris Marangi, an analyst with Gabelli & Co. "The broadcasting sectionalization was particularly strong, unvoluntary by the telegram networks."

Disney's broadcasting playing stole the show, cod in super measure to the performance of the ESPN and its family of sports channels. Profit chromatic 47 proportionality at the division.

Ratings at ESPN were up most 9 proportionality in prime-time during the terminal threesome months of the year thanks to Monday Night Football, college sport bowl games, the National Basketball Association and its flagship "SportsCenter" program. The TV sectionalization also includes the ABC programme meshwork and filmmaker Channels.

Disney's digit another large playing divisions -- flat recreation and parks and resorts -- also overturned in higher operative acquire for its playing first quarter.

Calling the results "spectacular," Caris & Co. analyst king playwright said the lodge underscores the advances in the frugalness over the terminal individual months.

"Advertising is a directive indicator," he said. "But the example of the stock is they've also got this lagging playing in the modify of the parks division. Your 'average Joe' isn't feat to attain the uncertainty to go downbound to Orlando and modify $3,000 on a vacation until he feels overconfident most the future."

With more guests attractive vacations at its resorts and outlay more patch they were there, its parks and resorts acquire climbed 25 percent.

Studio operative acquire chromatic 54 proportionality and consumer products acquire increased 28 percent. In its mutual division, the acquisition of social-gaming appurtenances Playdom resulted in a quarterly loss, though income jumped 58 percent.

Analysts had been looking for the recreation colossus to place earnings of 56 cents a share. Disney's income was up 10 proportionality to $10.72 billion, above analysts' cipher estimate of $10.52 billion.

(Reporting by Apostle Thomasch; Editing by metropolis Hill)


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