DISNEY'S FOURTH-QUARTER EARNINGS SET TO CLIMB.Byline: Bloomberg Business News Walt Disney Noun 1. Walt Disney - United States film maker who pioneered animated cartoons and created such characters as Mickey Mouse and Donald Duck; founded Disneyland (1901-1966) Disney, Walter Elias Disney Co.'s fiscal fourth-quarter earnings are expected to surge as its theme parks and hit films such as ``The Rock'' more than offset poor performances by ABC ABC in full American Broadcasting Co. Major U.S. television network. It began when the expanding national radio network NBC split into the separate Red and Blue networks in 1928. and ``The Hunchback hunchback, abnormal outward curvature of the spine in the thoracic region. It is also known as kyphosis and humpback, and in its severe form a noticeable hump is evident on the back. of Notre Dame,'' analysts said. Per-share net income is expected to rise 53 percent to 49 cents a share for the quarter ended Sept. 30, from 32 cents for the year-earlier quarter, according to 21 analysts polled by IBES IBES See: Institutional Brokers Estimate System International Inc. The results include Capital Cities/ABC Inc., which Disney acquired in February. Earnings will benefit from attendance growth at Disney's theme parks, popular films and more revenue from its ESPN ESPN Entertainment and Sports Programming Network and Disney cable channels, analysts said. ``It's a fine quarter, with double-digit gains in each of the businesses,'' said Smith Barney analyst Jill Krutick, who expects the shares to reach at least 80 in 12 to 18 months. Analysts expect the Burbank-based company to report fourth-quarter results as soon as today. A Disney spokesman couldn't be reached. Disney's operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. from theme parks is expected to rise 12 percent to $235 million as attendance at Disneyland and Walt Disney World Noun 1. Walt Disney World - a large amusement park established in 1971 to the southwest of Orlando Orlando - a city in central Florida; site of Walt Disney World climb due to new attractions such as its Indiana Jones ride, Krutick said. She said the parks have been helped by an increase in foreign tourists, prodded by favorable exchange rates. Disney's operating income in its creative-content division, which includes filmed entertainment, consumer products and publishing, will rise 15 percent to $340 million, Krutick said. Although results at the ABC television network will be down, Disney's broadcasting earnings will rise 19 percent to $202 million due to strong performances of such cable assets as the ESPN sports channel and the Disney Channel, Krutick predicted. ``The network ratings (at third-ranked ABC) are unsatisfactory,'' said analyst Harold Vogel of Cowen & Co. ``It will take two to three years to turn things around.'' |
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