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THE BEAUTY OF THE MARKET BEAST: DISNEY'S EARNINGS UP
Published November 19, 1997
Walt Disney Co.'s fourth-quarter net income rose "nearly" 18%, according to Bruce Orwall of the WALL STREET JOURNAL. The company reported net income of $411M, or $0.60 a share, on revenue of $5.52B for the quarter ended September 30, compared to net income of $349M, or $0.51 a share, on revenue of $5.27B a year ago (WALL STREET JOURNAL, 11/19). ESPN "was a particular bright spot" and the company's retail operations "marked significant same-store gains" (Carl DiOrio, HOLLYWOOD REPORTER, 11/19).