Ugly quarter at Disney

Boy that word is coming up a lot these days. The Burbank-based Mouse House reported a 13 percent drop in fourth-quarter net income, and earnings per share was well under the average estimate by analysts. Profits fell at Disney's television business, theme parks and film division; merchandise earnings rose, but that's a relatively small part of the pie. “The quarter was uglier than anyone anticipated,” Janna Sampson, co-chief investment officer at Oakbrook Investments, told Bloomberg. As Disney CEO Robert Iger said in the earnings statement: "This is clearly a difficult and unpredictable time."


More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
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Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
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Previous story: Stocks beaten up

Next story: *Big protest in Westwood

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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