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Disney Sees Profits Increase
Despite Walt Disney's increase in profit, the stock went down in trading.
February 8, 2012- Walt Disney Co., the largest entertainment company in the U.S. in market value announced that its profits had increased by 12% due to growth in ESPN and other U.S. entertainment resorts.
Net income for the company increased to $1.45 billion representing $0.80 per share from the $1.3 billion and $0.68 per share recorded in the same quarter a year ago. Profits were more than analysts’ estimates that were...