StreetInsider.com - The Walt Disney Company Reports First Quarter Earnings
Full quarterly earnings report here
The Walt Disney Company Reports First Quarter Earnings
February 3, 2009 4:02 PM EST
BURBANK, Calif.--(BUSINESS WIRE)-- The Walt Disney Company (NYSE: DIS) today reported earnings for its first fiscal quarter ended December 27, 2008. Diluted earnings per share (EPS) for the quarter were $0.45, compared to $0.63 in the prior-year quarter. EPS for the current quarter included a gain on the sale of our investment in two pay television services in Latin America, which resulted in a benefit of $0.04 per share.
"We faced a challenging first quarter with many of our businesses impacted to various degrees by the economic downturn," said Robert A. Iger, Disney's president and CEO. "We are forcefully confronting current circumstance while investing in the great creativity, brands and assets that are Disney's strengths and keys to its long-term success."
Listening to the earnings call now and it sounds like Q2 and Q3 bookings are up at the resorts.