Disney has Record Quarter
Best in History
Published: 08/08/2012 02:00am
Marvel parent Disney reported a record quarter in Q2, “the largest quarterly earnings in the history of the company,” the company said on Tuesday. “Earnings per share were up 31% over last year, driven by growth in every one of our businesses,” CEO Robert Iger said. That amounted to a profit of $1.8 billion for the three month period.
The Avengers, marketed and distributed by Disney, was a monster hit that not only improved earnings at the studio but also drove consumer product sales across categories. The company also had a great quarter at its theme parks and cruise line. Its TV networks also did well.
One losing division was its interactive division, which lost $42 million during the quarter, although that loss was 51% lower than the year ago quarter.
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