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Disney's profit and revenue soar on "Oz," parks, ESPN

May 07, 2013
  • A scene from "Oz the Great and Powerful."
A scene from "Oz the Great and Powerful." (Disney )

Walt Disney Co. reported a massive jump in net income for its fiscal second quarter, lifted by the performance of its media networks, movie studio and theme parks.

The Burbank company posted net income of $1.51 billion for the quarter that ended March 30, up 32% from a year earlier. Revenue rose 10% to $10.55 billion.

Disney, the world's largest entertainment and media company, posted adjusted earnings per share of 79 cents, up from 58 cents a year earlier. The company beat the expectations of analysts who predicted earnings per share of 77 cents.

“With adjusted earnings per share up 36% over last year, we're obviously pleased with our second quarter,” Robert A. Iger, chairman and chief executive of Disney, said in a statement. “Our results reflect our successful strategy, the strength of our brands and the value of our high-quality creative content, all of which continue to drive long-term growth and shareholder value."


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-- Daniel Miller, Los Angeles Times

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