Walt Disney Co. shows strength in Q2 numbers

BURBANK, Calif. -- The Walt Disney Co.'s Parks and Resorts division showed strength in the company's second fiscal quarter, with the company reporting May 12 that the unit's revenue rose 12%, to $1.7 billion, and segment operating income climbed to $188 million, a 21% hike.

Higher theme-park attendance and hotel occupancy at the Walt Disney Resort, as well as those two factors and higher guest spending at the Disneyland Resort contributed to the revenue improvements in the quarter, which ended March 31, the company said.

Overall, Disney bested analysts' expectations, per Thomson First Call, with earnings per share of $0.26 [up 73%] and revenue of $7.1 billion [an 11% increase]. Net income rose 71%, to $537 million.

For the full year, Disney forecast earnings growth of 50% or more, "excluding the potential impact from items like the sale of the Disney Stores...."

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