Increased Earnings for 2007

The Walt Disney Company announced significantly increased
earnings for 4th quarter 2007 as well as the year as a whole. For
the year, earnings per share (profit divided by shares outstanding) grew from
$1.64 in ’06 to $2.25 in ’07. This included one times benefits from the sale of
E! Entertainment and Us Weekly. Excluding one times benefits, earnings per
share was $1.94 in ’07 compared to $1.55 in ’06. Revenue in ‘07 increased 5% to
$35.5 billion, bolstered by gains in the Media Networks, Parks and Resorts, and
Consumer Products divisions. Operating income increased 23%, led by a 65%
increase in the Studio Entertainment division as well as a 23% increase in the
Media Networks operating income.

 At the resort side of
things, Walt Disney World, Disneyland, and Disneyland Paris all contributed to
a 7% increase in revenue and 11% increase in operating income. This was
partially offset by lower performance at Hong Kong Disneyland due to lower
attendance.

Direct Link to Press Release and Financial Information (pdf)

Digg This
Reddit This
Stumble Now!
Buzz This
Vote on DZone
Share on Facebook
Bookmark this on Delicious
Kick It on DotNetKicks.com
Shout it
Share on LinkedIn
Bookmark this on Technorati
Post on Twitter
Google Buzz (aka. Google Reader)
This entry was posted in Corporate and tagged , , , , , . Bookmark the permalink.