Community Corner
Disney Releases Third Quarter Earnings Report
The Walt Disney Company released their third quarter earnings report today to the tune of ovef $2 billion dollars.
ANAHEIM, CA--The Walt Disney Co. today reported earnings of $2.6 billion for its third fiscal quarter ended July 2, an increase of $114 million over the prior-year quarter.
Diluted earnings per share for the quarter increased 10 percent to $1.59 from $1.45 in the prior-year quarter, while EPS for the nine months ended July 2 increased 17 percent to $4.63, from $3.95 in the prior-year period.
"Disney delivered another quarter of double-digit EPS growth, and we are thrilled with our continued performance," said Chairman and CEO Robert A. Iger.
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"Our results are evidence that our asset mix is strong, as is our ability to execute in ways that enhance the Disney brand and create value for our shareholders while we invest for future growth," he said.
Shutterstock image, City News Service
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