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[9 Aug 2013 | Comments Off on The Walt Disney Company Reports Third Quarter Earnings | ]
The Walt Disney Company Reports Third Quarter Earnings

This week The Walt Disney Company reported its third quarter earnings for the fiscal year with parks and resorts and media networks showing increases in revenue.
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The company’s net income increased 1 percent up to $1.85 billion, and revenue increased 4 percent to $11.58 billion which was still lower than Wall Street’s expectation of $11.7 billion.
“We are pleased with the results we delivered in the third quarter,” said Disney CEO and Chairman Robert A. Iger. “We are confident that our strategy of creating high-quality branded content positions us …

Disney Corporate, Headline »

[7 Oct 2011 | No Comment | ]
Bob Iger Announces That He Will Step Down in 2015

Disney announced today that CEO Bob Iger will remain at his post through March 2015, at which time he will step down to the role of executive chairman.  Iger plans to remain in that role for 15 months to assist the company’s new chief executive as he or she comes aboard.
Iger has been the company’s chief executive since September 2005.  During his time at the company’s helm, Disney has seen significant and important expansion and growth.  He led the way for the $7.4 billion acquisition of Pixar in 2006, as well …

Disney Corporate »

[11 May 2010 | No Comment | ]
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 …