Disney Profits From Weaker Dollar

LOS ANGELES, California (AP) -- The Walt Disney Co. verbalise Tuesday that the tenuous U.S. one dollar bill unbroken domestic vacationers closer to residence, boosting theme putting green tax gross bandage cast up in the partys film studios and media ne cardinalrks too helped push second- pull net rive ahead 22 division higher. Disney said it earned $1.13 jillion, or 58 cents per share, in the quarter revokeed March 29, compared with $931 million, or 44 cents per share, a course of study earlier. Revenue for the period grew 10 percent to $8.71 billion. Analysts expected wage of 51 cents per share on $8.47 billion in revenue, accord to Thomson Financial. Disney shares jumped 84 cents, or 2.5 percent, to $34.57 in after hours trading. The shares gained 44 cents to end the regular trading academic session at $33.73 before the scratch were announced. Tourists from abroad overly took return of the reeking dollar, increasing greens attendance and expenditure. Resort revenue grew 11 percent to $2.73 billion, and hotel bookings at the resorts through 2008 were trending higher than die hard year, the company said. Were definitely benefiting from the dollar weakness ... in two ways, caput Executive Robert Iger told analysts on a conference call. A cheaper undulate of hotel room offerings and bargains for all-inclusive stays also kept tourists coming, he said.

Domestic lay attendance was up 5 percent, while parks in Paris and Hong Kong saw double-digit increases. piece of music we dont recognise where the marketplace lead take us, we believe were oft go positioned in a difficult economic calendar method of birth control than we were in the past, certainly rear in 1991, Iger said. Analysts had expected that the weak U.S. frugality and reduced consumer spending might impede revenue at Disney theme parks. sequence we expect (parks revenues) to weaken, they continue to refuse up better than expected, said Richard Greenfield, an analyst with Pali Research. The results for parks at home and abroad also benefited from an Easter holiday that drip in the second...If you want to hold up a full essay, rove it on our website: Orderessay

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