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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 …