Walt Disney Co. posted record quarterly earnings,...
Walt Disney Co. posted record quarterly earnings, reflecting a strong performance in all areas of business.
The Burbank-based entertainment giant’s net income climbed 25% to $260.3 million, or 48 cents a share, in the fiscal first quarter ended Dec. 31. Revenue totaled $2.4 billion. In the year-ago quarter, Disney earned $208.1 million, or 39 cents a share, on revenue of $1.92 billion.
The hit film “Aladdin†and the home video blockbuster “Beauty and the Beast†boosted the filmed entertainment group’s operating income by 41% to a record $235.7 million.
Operating income for Disney’s theme parks and resorts soared 54% to $142.9 million, while operating income for Disney’s consumer products segment rose 40% to $123.8 million, due largely to sales of “Beauty and the Beast,†“The Little Mermaid†and “Aladdin†merchandise. But Disney suffered a net loss of $43 million in the quarter related to its investment in the French theme park Euro Disney.
Disney also boosted its dividend by 19% to 6.25 cents a share.
Earnings, D10
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