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Walt Disney Company reports second quarter earnings

Source: Walt Disney Company

The Walt Disney Company recently announced second quarter earnings and six months earnings ended April 2, 2005.

The Walt Disney Company announced that diluted earnings per share increased to $0.33, an increase of 27%.

In the six-month period ended April 2, diluted earnings per share increased 15% to $0.68.

"It is very gratifying to see our company continue to achieve impressive growth. The second quarter's strong results are the latest demonstration that, across the company, our management team continues to effectively execute on its strategic plans. As we anticipated, last year's tremendous momentum has continued into 2005, bringing us well on the way toward another year of double-digit earnings growth for our shareholders," said Walt Disney Company CEO Michael Eisner.

Robert Iger, President, Chief Operating Officer, and Walt Disney Company CEO-elect said, "As we look back on the great performance of th first half of the year, we also look forward and consider how well poised The Walt Disney Company is for sustained long-term growth. Simply consider such current achievements as ABC's ratings resurgence, the launch of the global celebration of Disneyland's 50th anniversary, ESPN's new deal with the NFL, the impressive theatrical performance of The Pacifier and the DVD performance of Disney / Pixar's The Incredibles."

" These are just a few of the significant developments underway across the company that should help drive growth into the future and maintain Disney's position as one of the preeminent providers of entertainment for families around the world," Iger said.

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