Pursuits
Disney Profit Tops Estimates on Parks, Cable Networks Growth
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Walt Disney Co., the world’s biggest theme-park operator and owner of ESPN, posted a 30 percent gain in fourth-quarter profit, beating analysts’ estimates on growth in cable TV and at U.S. resorts.
Excluding items, profit totaled 59 cents a share, Burbank, California-based Disney said yesterday in a statement. That exceeded analysts’ projections of 55 cents, the average of 26 estimates compiled by Bloomberg. Sales grew 7 percent to $10.4 billion in the period ended Oct. 1, meeting estimates.