Disney 3Q net income nearly flat, revenue climbs

Burbank, California (AP) - the Walt Disney company's profit is almost the same, and in the latest quarter revenue grew by 4% due to the business from Disney's theme parks and resorts, cable network ESPN booster, etc. Disney said on Tuesday that it earned $1.85 billion, or a 1. 01 dollars, in the third quarter of the fiscal year that ended June 29. The $1.83 billion, or a share 1. 01, and compared to the same period last year. After excluding one-time items, earnings of $1.03 a share in the latest quarter, more than Wall Street's expectations. Income is $11.6 billion, from $11.1 billion. FactSet research analysts had expected adjusted earnings of $1.01 a share, on revenue of $11.7 billion. Walt Disney parks and resorts business income grew by 7%, to $3.7 billion. Cable network revenue grew by 8%, to $390 million, growing ESPN and the Disney channel A&E and the United States. At the same time, the revenue in nearly $15 billion.

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