Disney reported record profits during the second quarter due mostly to the movie division , the company said in its quarterly earnings report Tuesday.The company reported earnings of $1.28 per share on revenue of $12.45 billion, up 8 percent from a year ago.
“Our strategy of building strong brands and franchises continues to create great value across our company,” Robert A. Iger, chairman and CEO of The Walt Disney Company, said in the earnings statement. “This quarter we delivered the highest EPS in the company’s history, and we’ve now generated greater EPS in the first three quarters of FY 2014 than we have in any previous full fiscal year."
The studio revenues increased for the quarter 14 percent to $1.8 billion due to the success of "Frozen" "Captain America 2: The Winter Soldier" and "Maleficent."
The parks and resorts for the quarter increased 8 percent to $4 billion. The parks, according to Iger, will also see a greater presence of Star Wars and more information will be released next year.
The parks and resorts for the quarter increased 8 percent to $4 billion. The parks, according to Iger, will also see a greater presence of Star Wars and more information will be released next year.
0 comments:
Post a Comment