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Disney Breezes Past Earnings Estimates
Walt Disney (DIS Quote) easily surpassed analysts' earnings expectations for the latest second quarter, even as revenue fell 4% from the same period a year ago.
The broadcasting and entertainment concern posted earnings, excluding charges and accounting changes, of $391 million, or 19 cents a share. Analysts expected the company to earn 13 cents, according to Thomson Financial/First Call. Disney earned $294 million, or 14 cents a share, in the year-ago quarter. ...
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