Wall Street Watch: Disney’s Turnstiles Are Clicking Faster Than Its Studios
Filed under: Earnings, Walt Disney, Market News
Disney (DIS) is still benefiting from vacationers flocking to its global chain of theme parks. Even so, the family entertainment giant posted mixed quarterly results after Thursday’s market close.
Revenue climbed just 3% to $42.3 billion in its fiscal fourth quarter, but net income soared 18%. But perhaps the most surprising nugget for Disney is that, of its five segments, theme parks continue to be its fastest growing segment.
Disney’s parks and resorts posted a 9% uptick in revenue for the…
Wall Street Watch: Disney’s Turnstiles Are Clicking Faster Than Its Studios originally appeared on DailyFinance.com on 2012-11-09T06:00:00Z.
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