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+---Topic: Disney 4th 1/4 presentation live online started by RichKoster

Posted by: RichKoster on Nov. 20, 2003 2:02 am/pm

Disney Fourth Quarter Presentations and Conference Calls

Today at 4:15 pm Eastern time The Walt Disney Company will announced their financial results for Fiscal Year 2003 Fourth Quarter.

You can listen to the announcement online at The results will be presented via a live webcast starting at 4:30 pm Eastern time. To access the webcast, go to < their website > today (November 20, 2003) at 4:25 pm Eastern time.

< Full details. >

Posted by: RichKoster on Nov. 21, 2003 2:02 am/pm

Disney profit doubles on movie, TV gains

Quick quote:
Expectations for Disney have turned sharply more bullish in recent months on signs of a stronger economy that would boost travel to Walt Disney World in Florida and Disneyland in Southern California, as well as ABC's prospects for gaining viewers amid a tough fall season for all the major networks.

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Posted by: RichKoster on Nov. 21, 2003 2:31 am/pm

The Walt Disney Company Reports Improved Results for the Year Ended September 30, 2003

BURBANK, Calif -- Nov. 20, 2003--The Walt Disney Company:
  • Significant earnings growth in the fiscal fourth quarter helped drive overall EPS gains for the year
  • Strong operating performance for the quarter was driven by increases in Studio Entertainment, Media Networks and Consumer Products, offset somewhat by declines in Parks and Resorts
  • Studio Entertainment and Media Networks reported increases in revenue and operating income for the year as a whole, partially offset by declines in Parks and Resorts and Consumer Products
  • Cash flow from operations and free cash flow increased to $2.9 billion and $1.9 billion, respectively for the year as a whole, which drove reductions in total and net borrowings

The Walt Disney Company today reported earnings for the year and quarter ended September 30, 2003.

Earnings per share for the fourth quarter was $0.20, up from $0.09 in the prior-year fourth quarter. For the year, EPS before a required accounting change was $0.65 versus $0.60 in the prior year.

Earnings per share for the fourth quarter and the full year include an approximate $0.03 EPS benefit from the favorable settlement of certain state tax issues. Earnings per share for the full year also include a $0.04 negative impact due to the write-off of an investment in aircraft leveraged leases. The prior-year EPS includes a $0.07 benefit from gains on the sale of investments and the Disney Store Japan.

"Disney's strong performance in the quarter, driven by the Studios and Media Networks, and the substantial improvement in our overall results during a difficult year provide further evidence that we have established the foundation for future growth," said Michael Eisner, chairman and CEO of The Walt Disney Company. "The Walt Disney Studios' quarter was especially noteworthy, since its success was founded on the creation of new franchises, such as 'Pirates of the Caribbean,' that can provide returns for years to come. Looking ahead, we feel confident in our ability to deliver solid growth for fiscal 2004."

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Posted by: RichKoster on Nov. 24, 2003 9:50 am/pm

Yoo Hoo, Disney EchoEars!

Cast Members received the following message from Michael Eisner 3 days ago:

Dear Fellow Cast Member:

Today, we announced earnings for our fourth quarter and for all of fiscal year 2003, which began on October 1, 2002 and ended this past September 30. The results were very encouraging. For the quarter, our earnings per share were 20 cents, which is more than double what we reported in the fourth quarter of last year. We are very pleased with the tremendous gains in the fourth quarter and the solid results for the year. More importantly, we are confident in our ability to deliver strong growth into 2004. I am especially pleased to see that our current momentum is being driven by our outstanding and well-marketed creative products and franchises, from "Pirates of the Caribbean" to "Finding Nemo" to "Freaky Friday" to "Kim Possible" to "Lizzie McGuire" to our Disney and ESPN cable channels to new offerings at our parks.

We feel the company is now well poised to remain on the growth track in the new year. We realize that the past number of years, especially since 9/11, have been challenging for all of the cast and employees of The Walt Disney Company, as you have worked to keep our company in the forefront of the entertainment industry, despite the weak economy and depressed tourism. The fact that we have been able to do as well as we have throughout this time is a tribute to you. Now, momentum seems to be building within our company and in the general economy that should carry us to sustained growth. Of course, challenges remain, but there can be little doubt that our company has the talent and the team to surmount these challenges, as we work to return our company to its historic trajectory of creative and financial achievement.

So, thank you for a hopeful year that may indeed be signaling a return to better times.


P.S. For the full account of our fourth quarter and full year earnings, you can go to the company's Investor Relations Web site at < > to read the press release.

Carol and I became Disney investors again this month, buying 100 shares two days before the stock price rose based on the reports that the latest fourth quarter profits more than doubled.


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