The Walt Disney Q2 Revenues Up 6%
The company posted a net income of $998m for the second quarter of 2010, compared to $653m for the prior year period.
For the six months ended April 3, 2010, the company has posted a net income of $1.79 billion, compared to $1.45 billion for the year ago period. Revenues were $18.31 billion, compared to $17.68 billion for the year ago period.
Robert Iger, president and CEO of The Walt Disney Company, said: “The incredible box office performance of Disney’s Alice in Wonderland and acquisition of Marvel, whose Iron Man 2 has grossed $334m in global box office in its first two weeks, clearly show the benefits of investing in high quality branded content.
“With the economy showing signs of improvement, we’re confident our strategy is the right one to provide consumers the best in entertainment while building long-term value for our shareholders.”
Will the company continue at same pace in Q3?
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