Wednesday, May 8, 2013

Mouse EARnings...

The Mouse seems to be doing quite well on Wall Street...

Yesterday, the Walt Disney Company released its second quarter earnings report to investors and the world.
And they beat expectations:

- Earnings were up 36 percent over the previous year.

- Net income went up 32 percent from a year ago.

- Media Networks had a 6 percent turnover.

- Studio Entertainment was up 13 percent.

- Parks and Resorts rose 14 percent.

- Consumer Products increased 12 percent ahead of 2012.

- Interactive (the Achille's heel of the Mouse) even was up 8 percent (Now if they'd only change their gaming strategy and buy a big name company.).

All in all, the investors are really happy with the direction of the company.  Critics may not agree with Iger's decision to acquisition his talent, but it's effect on the bottom line is boosting prospects for the company.  While parts of the entertainment giant have languished over periods of the past decade, the idea of bringing in successful talent to shore up the lack of creativity has/will produce results that put smiles on investor's faces.

It's a much more solidified/lean/dominating behemoth that Bob Iger plans on leaving his successor...

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