rombox.com

Home | Rock n' Roll Romper Room

The Walt Disney Company Earnings Suffer

February 4, 2009
By

by widgette.com

Disney disappointed Wall Street with a 14% drop in profits. Though they did still turn a profit, it was not as large as had been predicted. The company was hit hard by the collapse of Lehman brothers and had to write-off $91 million in bad debt.

BURBANK, Calif. – The Walt Disney Company 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.”

Tags: , , ,

One Response to “ The Walt Disney Company Earnings Suffer ”

  1. Forex Auto Trade on April 18, 2009 at 4:44 am

    Nice looking blog. Which template are you using? Nice post as well!

RSS FameDomain.com

  • Keller Williams Performing at Stir Fry
    Keller Williams performing at the Stir Fry Music Revival, Morrisville, Bucks County, Pennsylvania. Keller Williams from sidestage at the Stir Fry Music Revival, Morrisville, Bucks County, PA. […]
  • Meetin’ The Naked Cowboy
    KingArthur.com meets the Naked Cowboy at Times Square, New York City. I do not know for sure, but I was told this is not the original Naked Cowboy. Another person told me Naked Cowboy is now a business that employs naked cowboys. Yet, another person told me he makes 6K a week and just got […]
  • Attia Taylor Live
    Attia Taylor performing live at the Stir Fry Musical Revival located at Snipes Farm, Morrisville, Bucks County, Pennsylvania. […]

RSS The Music Business

  • Nuns Get Record Deal
    Decca Records announced it is signing the nuns of the Abbaye de Notre Dame de l’Annonciation. Decca is owned by Universal Music, which includes The Rolling Stones, Eminem, Amy Winehouse, U2 and Lady Gaga. The nuns were chosen after a worldwide search for performers of Gregorian chants. The debut album, “Voices – Chant from Avignon,” […]
  • CKX: Entertainment Content King
    Overview We are engaged in the ownership, development and commercial utilization of entertainment content. As more fully described below, our primary assets and operations include: • 19 Entertainment Limited (“19 Entertainment”), which owns, among other properties, proprietary rights to the IDOLS and So You Think You Can Dance television brands, both o […]

RSS Songwriter’s Forum

  • A Lady Came and Had Me Take a Dollar
    This post is about Notes Of A Tunesmith Writtin’ music and performing is an interesting thing… that I love to do. Today, a lady came and had me take money she offered. She said there was too much fighting. Maybe music can substitute? It’s weird how that works. The other day a youth brought me […]
  • Sense-able
    LYRICS In as much As a word can touch I’m reaching out to you And, I hope to see What you say About the way Our heads headed Remove what’s embedded About hate, death and war After all, There’s got to be more An expanded view Evoke a sixth sense Is what we’ll try to […]