Disney’s 2nd Quarter Net Income Up 6% From Last Year, Thanks to Alice in Wonderland & Marvel
Despite a 3% after-hours share slip, Disney’s 2nd Quarter net income numbers surpassed Wall Street analysts’ expectations of 45 cents per share. Disney’s President & CEO Bob Iger, in a live webcast today, boasted that second-quarter net income was $953 million, or 48 cents a share, compared with $613 million, or 33 cents a share, for the same period a year ago.
“The incredible box office performance of Disney’s Alice in Wonderland and acquisition of Marvel, whose Iron Man 2 has grossed $334 million in global box office in its first two weeks, clearly show the benefits of investing in high quality branded content,” said Robert A. Iger, President and CEO, The Walt Disney Company. “With the economy showing signs of improvement, we’re confident our strategy is the right one to provide consumers the best in entertainment while building long-term value for our shareholders.”
Parks and Resorts revenues for the quarter increased 2% to $2.4 billion and Consumer Products revenues for the quarter increased 20% to $596 million.