from today's Los Angeles Business Journal newsbriefs (1/6/2008):
Disney Beats Estimates on Q1 Earnings
By ALLEN P. ROBERTS Jr. - 2/5/2008
Los Angeles Business Journal Staff
"Shares in Walt Disney Co. rebounded Tuesday after the entertainment giant reported lower first-quarter profit due to gains from sales of media properties last year, but still beat analysts' expectations.
Disney reported first quarter net income of $1.25 billion (63 cents per share), a 26 percent dip from $1.7 billion (79 cents) from the same period a year earlier. The company said the dip in profit was due to the sale of its interest in US Weekly magazine and the E! Entertainment channel last year." ...
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