Disney Hits Q4 Earnings Target, Annual Profit Grows 13 Percent

The Wrap

ESPN and theme parks powered Disney in the fourth fiscal quarter of 2012, as the media conglomerate hit analyst expectations for earnings per share on the dot at $0.68.

Disney fell short on the revenue side, netting $10.78 billion when analysts expected $10.92 billion.

For the year, Disney posted year-over-year growth, earning $9.96 billion in segment operating income -- 13 percent higher than last year.

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