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Is Disney doing better – or worse – financially speaking? Well, it all depends on how you look at it…and who you ask.
The company announced yesterday that fourth quarter net income was down seven percent, but is quick to offer many explanations and adjustments that would make that figure smaller.
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With ‘hit it out of the park’ successes like “Toy Story 3,” “Alice in Wonderland,” and “Iron Man 2″ nobody should be surprised that Disney’s box office profits increased by 30 percent this quarter. Although, some other contributing factors helped the company to project a profit increase magical enough to beat Wall Street expectations.
Details »Earnings slip to $844 million from $845 million a year earlier. But excluding one-time items, profit of 47 cents a share beats analysts' average estimate of 38 cents. Revenue rises 1%.
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