Weak theme park and film studio results are blamed. Still, Disney shares rise 4% in after-hours trading as executives hint at happier days to come. Walt Disney Co. reported a 46% drop in net income for its second quarter, blaming disappointing results from its movie studio and a weak global economy, which took a toll on the entertainment giant's tourism-dependent theme park and advertising-reliant broadcast television businesses.
Disney Reports 46% Drop In Profit
Los Angeles Times - Top News, Los Angeles Times
Tue, 05/05/2009 - 10:21pm
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