Tuesday, February 09, 2010

Flat-Profit Diz

And on the balance-sheet front, the Disney Company reported non-robust results in its most recent reporting period.

Disney restructuring costs drag on quarterly profit.

Earnings slip to $844 million from $845 million a year earlier. But excluding one-time items, profit of 47 cents a share beats analysts' average estimate of 38 cents. Revenue rises 1% ...

The theme parks and merchandising didn't help the Mouse's bottom line. Broadcasting and the move studio did.

The film studio staged a turnaround, reporting a 30% boost in operating income to $243 million, from $187 million a year earlier. Revenue was essentially flat at $1.9 billion. This reflected strong home entertainment sales of the Disney/Pixar Animation film "Up" -- a best-picture Oscar nominee -- and the comedy "The Proposal.".

So Sandy Bullock and an old man in a flying house carried the movie division to higher ground in 2009. My hope is a girl with long hair (whatever the hell her film title turns out to be) will do the trick in the next fiscal year.


Anonymous said...

you and me both.

Anonymous said...

Glad to see Up helped raise the bottom line. What a pity, then, that Diz is now planning to squander bucks trying to revive ancient franchises best left dead: the Puppets, Tron and Black Hole. ?????? Ross is nuts.

Anonymous said...

The theme parks are going to get creamed again this year once Harry Potter land comes to life.

And thus their quandary. Does Disney invest more in their parks during a recession when nobody is vacationing just to keep up with the Potters? Or do they just let Universal take more folks away without a plan to get them back and have their parks lose more money?

Anonymous said...

"It takes two to tangle"

Floyd Norman said...

Not to worry. The smart guys in charge will figure all this out.

That's why they get paid the big bucks.

Justin said...

"Does Disney invest more in their parks during a recession when nobody is vacationing just to keep up with the Potters?"

The answer is no, Disney invests more in their parks during a recession so that when the country comes out of a recession there will be new incentives and reason to go to the Parks.

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