P.M. BRIEFING : Disney’s 4th Qtr. Earnings Zoom
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Walt Disney Co. today said its fourth-quarter earnings increased 56% to a record $212.7 million, or $1.54 a share, compared with $136.4 million, or 99 cents a share, in the same quarter last year.
Revenue for the fourth quarter rose 33% to $1.35 billion from $1.01 billion in the fourth quarter of last year.
CEO Michael D. Eisner and company President Frank G. Wells credited the performance in the fourth quarter to outstanding results from the Walt Disney World Resort, Disneyland and Buena Vista Home Video.
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