Source AP ©

Walt Disney Co's income increases 27 percent in second quarter

The Walt Disney Co.'s income increased 27 percent in the second quarter, due to work results of its film studio, advertising sales at ESPN and international sales of its TV shows, including "Desperate Housewives".

The media conglomerate, based in Burbank, said Tuesday its net income for the quarter ended March 31 was $931 million (686.68 million EUR), or 44 cents per share, compared with $733 million (540.64 million EUR), or 37 cents per share, in the same period a year ago.

Revenue grew slightly to $8.07 billion (5.95 billion EUR) from $8.03 billion (5.92 billion EUR) in the same period last year.

The company's per share earnings easily beat estimates of 38 cents per share from analysts surveyed by Thomson Financial, although its revenue missed analyst expectations of $8.13 billion (6 billion EUR).

The company reported profit growth at all segments, including theme parks and consumer products.

"I'm pleased to report another excellent quarter, with double digit increases in earnings per share as well as operating income across all of our business segments," Disney chief executive Robert Iger said in a statement.