DISNEY ANNOUNCES CUT IN EARNINGS PER SHARE.Byline: Dave McNary Daily News Staff Writer Mickey Mouse Mickey Mouse Famous character of Walt Disney's animated cartoons. He was introduced in Steamboat Willie (1928), the first animated cartoon with sound. Mickey was created by Disney, who also provided his high-pitched voice, and was usually drawn by the studio's head animator, has caught the Asian flu Asian Flu may refer to:
Entertainment giant 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. announced Friday that it expects its profits for the fourth quarter ending Sept. 30 to come in at 15 or 16 cents a share - well under Wall Street estimates of 21 cents a share and year-ago earnings of 19 cents a share. Analysts have been cutting estimates for several months, most often citing weakness in Asian markets, and Disney stock has fallen 39 percent since peaking in early May. Disney, which released the announcement after the market closed, blamed weakness in foreign markets for consumer products and home videos; declines in its movies and at its ABC television ABC Television may refer to:
Disney also said it will take a charge of 2 cents a share to cut operations in movies to reflect previously announced cuts in production of live-action films to 15 annually, and in its consumer products division, where it has ceased operation of the DisneyFest traveling attraction in Asia. |
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