Disney Records Its Best Quarter Ever
08 August 2012
Disney Records Its Best Quarter Ever
The Walt Disney Co. said that it had recorded "the largest quarterly earnings in this history of or company" with net income rising to $1.83 billion during its third quarter, versus $1.48 billion during the comparable quarter a year ago. The company particularly credited box-office results for The Avengers , which took in $1.5 billion at the worldwide box office. The company also saw huge revenue gains brought in by Cars -- not its Pixar movies, which took a drubbing from critics, but from Cars Land, the theme rides at Disney's California Adventure park adjoining Disneyland. Disney said that spending at its domestic resorts increased 8 percent, while overseas parks and the Disney cruise line saw a 21-percent rise. It all seemed to make up for the disaster that was Disney's second-quarter fiasco John Carter , which caused Disney to take a $200-million write-off.
08/08/2012
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