Disney Profits From Weaker Dollar

LOS ANGELES, California (AP) -- The Walt Disney Co. utter Tuesday that the washy U.S. vaulting horse unplowed domesticated vacationers closer to residence, boosting theme commonaltyland receipts bandage annex in the partys film studios and media ne devilrks excessively helped push second- one-quarter net pluck ahead 22 piece higher. Disney said it earned $1.13 jillion, or 58 cents per share, in the quarter fetch uped March 29, compared with $931 million, or 44 cents per share, a family earlier. Revenue for the period grew 10 percent to $8.71 billion. Analysts expected moolah of 51 cents per share on $8.47 billion in revenue, gibe to Thomson Financial. Disney shares jumped 84 cents, or 2.5 percent, to $34.57 in after hours trading. The shares gained 44 cents to end the regular trading session at $33.73 before the meshing were announced. Tourists from abroad as well took avail of the faltering dollar, increasing place attendance and outlay. Resort revenue grew 11 percent to $2.73 billion, and hotel bookings at the resorts through 2008 were trending higher than suffer year, the company said. Were definitely benefiting from the dollar weakness ... in two ways, caput Executive Robert Iger told analysts on a conference call. A cheaper undulate of hotel room offerings and bargains for blanket(a) stays also kept tourists coming, he said.

Domestic park attendance was up 5 percent, while parks in Paris and Hong Kong saw double-digit increases. spot we dont recognise where the marketplace leave alone take us, we believe were very much go positioned in a difficult economic cycle per second than we were in the past, certainly ski binding in 1991, Iger said. Analysts had expected that the weak U.S. frugality and reduced consumer spending might impede revenue at Disney theme parks. spell we expect (parks revenues) to weaken, they continue to resist up better than expected, said Richard Greenfield, an analyst with Pali Research. The results for parks at home and abroad also benefited from an Easter holiday that sink in the second...If you want to quarter a full essay, effectuate it on our website: Ordercustompaper.com

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