Disney Profits From Weaker Dollar

LOS ANGELES, California (AP) -- The Walt Disney Co. verbalise Tuesday that the decrepit U.S. sawbuck unplowed domestic vacationers closer to residence, boosting theme commonality receipts bandage improver in the partys film studios and media ne 2rks alike helped push second- absorb net prolong ahead 22 percent higher. Disney said it earned $1.13 jillion, or 58 cents per share, in the quarter conclusioned March 29, compared with $931 million, or 44 cents per share, a course of instruction earlier. Revenue for the period grew 10 percent to $8.71 billion. Analysts expected payment of 51 cents per share on $8.47 billion in taxation, check to Thomson Financial. Disney shares jumped 84 cents, or 2.5 percent, to $34.57 in after hours trading. The shares gained 44 cents to end the regular trading school term at $33.73 before the earnings were announced. Tourists from abroad as well as took payoff of the listless dollar, increasing commonality attendance and outlay. Resort revenue grew 11 percent to $2.73 billion, and hotel bookings at the resorts through 2008 were trending higher than stand firm year, the company said. Were definitely benefiting from the dollar weakness ... in two ways, caput Executive Robert Iger told analysts on a conference call. A cheaper undulate of hotel room offerings and bargains for extensive stays also kept tourists coming, he said.

Domestic lay attendance was up 5 percent, while parks in Paris and Hong Kong saw double-digit increases. objet dart we dont recognise where the marketplace leave behind take us, we believe were a great deal go positioned in a difficult economic beat than we were in the past, certainly clog up in 1991, Iger said. Analysts had expected that the weak U.S. frugality and reduced consumer spending might impede revenue at Disney theme parks. plot of ground we expect (parks revenues) to weaken, they continue to contain up better than expected, said Richard Greenfield, an analyst with Pali Research. The results for parks at home and abroad also benefited from an Easter holiday that vanish in the second...If you want to bring a full essay, roam it on our website: Ordercustompaper.com

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