Disney's Kingdom Continues to Spin Magic
Stockerblog submits: The Disney (DIS) team will be doing some heavy celebrating over the course of the next few weeks, as not only will they enjoy the benefits from the release of Toy Story 3, but at the turn of this year's 3rd financial quarter, they also saw their earnings per share rise sharply [see earnings transcript].The Walt Disney Company reported on Tuesday 10th August that diluted earnings per share had successfully increased by 31%, with a rise from 51 cents per share to 67 cents. Disney’s current president and chief executive officer, Robert A. Iger, said in an official statement, ‘we're very pleased with our strong third quarter, in which we grew revenues substantially and improved profitability across the majority of our businesses.’ He also went on to say, ‘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.’Complete Story »
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