Disney profit1.464 million dollars in the first quarter, up 12 percent
Best Growth Stock – The entertainment giant Walt Disney announced today that in the first quarter of fiscal 2012 of $ 1.464 million won, 12% more than the same period of 2011.
The Burbank-based company noted between October and December and net income per share of 80 cents, 12 cents more than the same period last year, when net profit of 1,302 million dollars.
Disney turnover in those three months a total of 10.779 million dollars, a slight increase of 1% compared to 10.716 million who entered the first quarter the previous year.
President and CEO of the company, Robert Iger said in a statement that began the year with good standing and trust “to create and distribute exceptional family entertainment across multiple platforms” to continue creating value for shareholders.
However, the results disappointed U.S. analysts, who did emphasized the low income growth, especially in the film production business, whose turnover fell 16%.
Disney published its accounts after the close of the NYSE, where the company-one of the 30 components of the Dow Jones ended the day on Tuesday with a rise of 1.29 %.
However, the company’s shares fell 1.12% in extended trading after the end of the session on the floor New York, where the company has appreciated 0.1% in the last twelve months.
The Wall Street Journal reported Monday that Disney is negotiating with the Univision group creating a new cable television channel 24 hours in English aimed at Hispanic Anglophones.
Category: Business News
