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Posted on
May 07 2008 1:45 AM
by
adeal
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Walt Disney Co. reported sales and profit for the fiscal second quarter Tuesday that exceeded expectations, a sign that advertising spending and theme park attendance is holding up in a tough economy. Shares of Disney rose almost 3% in after-hours trading. For the quarter ended March 29, Disney reported revenue of $8.71 billion, led by strong growth in its movie and television network businesses as well as its theme parks unit. Sales rose 10% from a year ago and beat consensus estimates of $8.47 billion according to analysts surveyed by Thomson Financial.
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