By Andy Fixmer Feb. 9 (Bloomberg) — Walt Disney Co. , the world’s biggest media company, reported fiscal first-quarter profit that beat analysts’ estimates as TV revenue rose and theme-park results stabilized. Net income totaled $844 million, or 44 cents a share, compared with $845 million, or 45 cents, a year earlier, when a gain on the sale of TV stations boosted results, Burbank, California-based Disney said today in a statement . Sales rose 1.5 percent to $9.74 billion, exceeding the $9.63 billion average estimate of 17 analysts surveyed by Bloomberg. Theme-park revenue was flat, as Disney attracted visitors with discounts. Both the broadcast and cable divisions posted revenue increases. Excluding one-time items, earnings of 47 cents a share beat the 38-cent average of 18 analysts’ estimates compiled by Bloomberg. Disney rose 57 cents to $30.41 in extended trading. The shares added 36 cents to $29.84 at 4 p.m. in New York Stock Exchange composite trading and gained 42 percent in 2009. To contact the reporter on this story: Andy Fixmer in Los Angeles at afixmer@bloomberg.net
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Disney Profit Tops Analysts’ Estimates on Gain in Broadcast, Cable Revenue
