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Disney Parks Flourish
By admin | May 7, 2008
Walt Disney Co. bucked the gloomy economic climate in its fiscal second quarter, as net income rose 22% from a year ago on surprisingly strong business at its theme parks and resorts and its TV networks.
Investors were watching Walt Disney’s theme parks and resorts closely for any sign of weakness amid rising fuel and food costs and the impact of the housing crisis — all factors that could cut into families’ visits to Disney parks. But revenue at the Burbank, Calif., entertainment conglomerate’s theme-park unit for the quarter ended March 29 increased 11% to $2.7 billion from the year-earlier
Topics: Stock Picks |
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