DISNEY PROFITS IN EXCESS OF ESTIMATES ABOUT DEVELOPMENTS IN THEME PARK, THE CABLE NETWORK
Walt Disney Co. (DIS), the world's greatest theme-park user and owners of ESPN, posted the thirty percent benefit in fourth-quarter profit, violence analysts' estimates upon expansion in wire TV and during U.S. resorts.
Excluding items, distinction totaled 59 cents the share, Burbank, California-based Disney pronounced yesterday in the statement. That exceeded analysts' projections of 55 cents, the normal of twenty-six estimates gathered by Bloomberg. Sales grew 7 percent to $10.4 billion in the duration finished Oct. 1, assembly estimates.
Higher fees from pay-TV operators, promotion gains and softened formula during resorts gathering income and distinction higher. Audience ratings for ESPN increasing thirteen percent in the quarter, according to Nielsen interpretation supposing by Barclays Capital. Disney resorts benefited from aloft sheet prices and the new ship.
"You had plain formula in all of the segments that unequivocally matter," pronounced Tony Wible, an researcher during Janney Montgomery Scott LLC in Philadelphia who has the "neutral" rating upon the stock. "The underlying trends demeanour sincerely full of health in the dual many critical segments — media networks and parks."
Disney rose 6.4 percent to $36.86 during 9:33 a.m. New York time, the greatest intraday benefit given Feb. 9. The shares had declined 7.7 percent this year prior to today.
Disney sees "very earnest signs" during ABC, Chief Executive Officer Robert Iger pronounced yesterday in an talk with Bloomberg Television, citing shows such as "Once Upon the Time," "Suburgatory" and "Revenge."
Future Growth
While ratings have been down from the year earlier, ABC doesn't have "make-good situations" where it has to recompense advertisers for spectator shortfalls, Iger said.
"We're positioning the network good by office building the substructure for it to grow upon in the years ahead," Iger said.
Net income for the last 3 months of mercantile 2011 rose to $1.09 billion, or 58 cents the share, from $835 million, or 43 cents, the year ago, Disney said.
Profit from wire networks modernized eighteen percent to $1.26 billion upon an eleven percent climb in income to $3.47 billion. The gains reflected expansion in sales of Disney Channel programming, aloft fees from pay-TV companies and aloft ad sales.
Profit during ABC report modernized 37 percent to $201 million upon the 4 percent climb in revenue. ABC enjoyed aloft network ad sales and the dump in programming and prolongation costs, Disney said.
Cable Advertising
"The wire promotion marketplace is substantially pacing 4 percent to 10 percent up year over year," Wible pronounced in an interview. Broadcast income is substantially taking flight closer to 3 percent upon ad sales, syndication and streaming revenue, he said.
The thesis parks increasing distinction 33 percent to $421 million, as income jumped eleven percent to $3.13 billion. Disney credited the climb in sheet prices and guest spending, together with aloft room rates. Cruise distinction rose after the Disney Dream entered use with the lass excursion in January, apropos the third boat in the company's fleet.
Domestic road house reservations this entertain have been in line with the year ago, whilst rates have been up in the low singular digits, Chief Financial Officer Jay Rasulo pronounced upon the call.
The European monetary predicament will expected have the little stroke upon visits to Disneyland Paris, Iger pronounced in the interview.
Studio Profit
Film college of music distinction rose thirteen percent to $117 million upon 8 percent reduce revenue. The association reissued the 1994 strike "The Lion King" in 3-D, generating $93.4 million in sheet sales after the Sept. sixteen release, according to Box Office Mojo. That helped opposite the opening of Pixar's "Car 2," that unsuccessful to compare the year ago income from "Toy Story 3."
Disney's consumer products section posted the twelve percent benefit in income to $816 million, whilst distinction increasing thirteen percent to $207 million, the outcome of "Cars" and Marvel merchandise.
The detriment in interactive narrowed to $94 million from $104 million, whilst income increasing nineteen percent to $223 million, Disney said. The association marked down selling outlays and product growth spending for console-based games.
This week Disney shaped the partnership with Google Inc. (GOOG)'s YouTube to emanate short, family accessible videos for immature viewers. Disney Interactive will furnish and module co-branded Disney.com and YouTube videos starting in early 2012.
The settle will be "very certain for Disney," Iger said, with the agreement assisting the multiplication strech profitability by 2013, according to the company.
Iger, 60, will take upon the combined purpose of authority subsequent year as partial of the devise to name the new Disney arch senior manager in 2015. He pronounced the house has proposed the process, but observant when the association might name the successor.
Yunico 13 Nov, 2011--
Source: http://www.digdod.com/disney-profits-in-excess-of-estimates-about-developments-in-theme-park-the-cable-network-2-1038135.html
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