24/7 Wall St.
05-07-2008, 06:25 AM
24/7 Wall St. Daily News
Disney (NYSE: DIS) certainly did well in the first quarter. Walt Disney himself would have been proud. Revenue at the entertainment company moved up 10% to $8.71 billion. EPS rose 35% to $.58. Wall St. opened the champagne and passed around the caviar. The Disney theme park business, which analysts view as a proxy for consumer spending, posted a revenue increase of 11% to $2.725 billion. Of course, no one bothered to read the fine print. Easter moved into the first quarter this year. Last year it was in the second. No matter. Nice jump in sales anyway. The total...http://feeds.feedburner.com/~f/typepad/RyNm?i=MIk1QH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=MIk1QH) http://feeds.feedburner.com/~f/typepad/RyNm?i=Vw2ZEH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=Vw2ZEH) http://feeds.feedburner.com/~f/typepad/RyNm?i=2PVDyh</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=2PVDyh)
complete story here... (http://www.247wallst.com/2008/05/wall-st-misread.html)
Disney (NYSE: DIS) certainly did well in the first quarter. Walt Disney himself would have been proud. Revenue at the entertainment company moved up 10% to $8.71 billion. EPS rose 35% to $.58. Wall St. opened the champagne and passed around the caviar. The Disney theme park business, which analysts view as a proxy for consumer spending, posted a revenue increase of 11% to $2.725 billion. Of course, no one bothered to read the fine print. Easter moved into the first quarter this year. Last year it was in the second. No matter. Nice jump in sales anyway. The total...http://feeds.feedburner.com/~f/typepad/RyNm?i=MIk1QH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=MIk1QH) http://feeds.feedburner.com/~f/typepad/RyNm?i=Vw2ZEH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=Vw2ZEH) http://feeds.feedburner.com/~f/typepad/RyNm?i=2PVDyh</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=2PVDyh)
complete story here... (http://www.247wallst.com/2008/05/wall-st-misread.html)