At Disney, TV, Cable Segments Fail Fall Short of Some Earnings Expectations

May 12, 2010  •  Post A Comment

Walt Disney Co.’s fiscal second-quarter profit jumped 55%, helped by a strong performance from its film studio ("Alice in Wonderland"), Bloomberg News reports, but results from its cable and television units disappointed some analysts, who had been expecting higher profits.

The cable division reported profit of $1.18 billion, short of a $1.21 billion estimate from a JPMorgan Chase & Co. analyst, while its broadcast division reported profit of $123 million, short of the analyst’s $170.1 million forecast. ABC was hurt by lower prime-time ratings and an increase in expenses, while ESPN also saw higher programming costs.

One Comment

  1. Thank you so much for so interesting article. Good job!

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