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Disney Sees Profit Climb 30%

Desperate housewives and a potbellied superhero helped Walt Disney Co. continue its financial rebound as the company Wednesday posted a 30% earnings jump in its fiscal second quarter. Disney's profit of $698 million, or 33 cents a share, was a shade above Wall Street estimates and contrasts with the $537 million, or 26 cents, it earned a year earlier. Revenue in the period ended April 2 climbed 9% to $7.8 billion.

Read the whole story at Los Angeles Times, May 12, 2005 »

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