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Walt Disney Announces Quarterly Net Income of $259 Million.
Knight Ridder/Tribune Business News, April, 2002
By Robert Johnson, The Orlando Sentinel, Fla. Knight Ridder/Tribune Business News
Apr. 26--Walt Disney Co., still suffering from a stagnant economy and the falloff in theme park visitors after the terrorist attacks, managed to beat expectations with its second-quarter earnings on Thursday.
Although its theme park and resort profits dipped by double digits, officials said visitors are slowly coming back.
Disney executives said the tourism segment's decline reflected lower attendance, guest spending and hotel occupancy at Walt Disney World.
Disneyland, in Anaheim, Calif., had higher attendance than in the period ended March 31 a year ago.
Still, Disney Chairman Michael Eisner said there is reason for optimism.
"We...
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