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Disney Announces Earnings for FY 2008

Disney's fiscal year 2008 begins October 2007. Here's a collection of news stories relating their quarterly and annual earnings throughout Fiscal Year 2008

• Disney sees slowing Q4 ad sales and hotel bookings - (7/30/2008)
  The Disney Company's third quarter earnings narrowly beat analysts expectations. While some investors continue worry about the effects of effects of high fuel costs and economic pressures on consumers and the company's theme parks and Standard & Poors Equity Research analyst cited in the article felt Disney's forward-looking comments were not discouraging. Disney CFO Thomas Staggs did say Disney expects to see a "modest" reduction in profits for the rest of this year as a result of its reacquisition of Disney Stores in North America.
• Disney's Profit Gains 9% as Parks Withstand Slowdown - Bloomberg (7/30/2008)
  Bloomberg's report of Disney's earnings offers analysis by various Wall Street analysts.
• Cable network helps Disney defy gloom - (7/30/2008)
  In discussing the country unsteady economic conditions Bob Iger said, "We’re not immune to the challenging economy, but we continue to be pleased with what we have seen so far [this year]"
• Disney reports another strong quarter - Orlando Sentinel (7/30/2008)
  The Orlando Sentinel presents the Disney Company's FY2008 third quarter earnings report. The reports showes strong performance with earnings of 66 cents a share.
  Free registration required to view
• Theme parks, nets offset Disney film losses - The Hollywood Reporter (7/30/2008)
  The Hollywood Reporter shares the entertainment industry related portions of today's earnings call.
• Disney Delivers - TheStreet (5/6/2008)
  TheStreet offers analysts contrasting the values of Cisco and Disney as both companies released earnings reports today.
• Disney brushes off recession worries - CNNMoney (5/6/2008)
  CNNMoney reports Disney's second-quarter earnings exceed expectations, stock increased almost 3% in after-hours trading.
• Disney says second-half 2008 room reservations up - Reuters (5/6/2008)
  Reuters offers Disney CFO Tom Staggs remarks on room reservations looking forward.
• Disney profits up 21% in 2nd Quarter - Variety (5/6/2008)
  Variety highlights the studios reported profit increase of 21% with revenue gaining 10% over the year-ago period in their coverage of today's earnings report.
• A fun ride in Disney land - (5/6/2008)
  Reports Disney's theme parks and resorts revenue rose 11% year-over-year.
• How to Build a Disney Franchise - Forbes (2/7/2008)
  Forbes offers and evaluates the remarks of Disney CEO Bob Iger during Tuesday's first fiscal quarter earnings report.
• Disney Posts Lower 1Q Profit; Revenue Up - (2/5/2008)
  Disney's profit is down over year-ago sale gains yet revenue is up. Their fiscal first quarter reported today beat Wall Street expectations.
• Disney profits beats Street, no sign economy hurts - Reuters (2/5/2008)
  Reuters reports Disney saw double benefits in the weak dollar as Americans vacation closer to home and international tourists are coming in larger numbers.
• Iger States Traditional upfront seems like 'anachronism' - (2/5/2008)
  During today's fiscal report CEO Iger told analysts that traditional upfront presentations seem "like an anachronism" as networks seek to keep costs under control but realizes advertisers will demand some process in the spring that allows to plan for their commercial-buying.
• Walt Disney Co reports strong quarter of increasing revenue, profits - Orlando Sentinel (2/5/2008)
  The Orlando Sentinel highlights today's financial report. "We've started off 2008 with another outstanding quarter, marked by strong creative and operational performances," Robert Iger, president and chief executive officer, stated in a news release. "These results once again highlight the quality of our content and our unique ability to leverage it across our many businesses and territories."
• Don't Doubt Disney - CNBC (2/1/2008)
  CNBC evaluates the recent downgrade of Disney stock by Citigroup.
• Disney's chief financial officer defends performance of parks, resorts - Orlando Sentinel (1/29/2008)
  The Orlando Sentinel reports Disney CFO Staggs responds to concerns expressed by analyst Bazinet of Citi Investment Research.
• Don't Sell Disney - Motley Fool (1/29/2008)
  The Motley Fool explains why you shouldn't sell your Disney stocks despite the recent announcement by Citi analyst Jason Bazinet who downgraded shares of Disney to "sell" this morning,
• Disney says Iger's salary rose 7 percent to $27.7 - (1/14/2008)
  According to the recent filings with the SEC Disney Co. President and CEO Bob Iger received a 7% increase in total compensation for fiscal 2007.

 


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