Skip to Content

Disney posts higher second-quarter earnings, revenue thanks to strong theme parks business

KIFI

By MICHELLE CHAPMAN
AP Business Writer

Ongoing strength at its theme parks and an improving streaming business propelled The Walt Disney Co. to higher profits and revenue in its fiscal second quarter. For the three months ended April 1, Disney earned $1.27 billion or 69 cents per share. That compares with $470 million, or 26 cents per share, a year ago. After adjusting for one-time items, Disney earned 93 cents per share, matching industry analysts’ expectations. The entertainment giant has been working on trimming about 7,000 jobs as part of a targeted $5.5 billion cost savings across the company.

Article Topic Follows: AP National

Jump to comments ↓

Author Profile Photo

Associated Press

BE PART OF THE CONVERSATION

KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content