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Disney Reports Record Income

November 12, 1987|United Press International

Walt Disney Co. today reported that revenue and net income for the fourth quarter and fiscal year ended Sept. 30 were the highest in the company's history.

Net income for the quarter increased 67% to $135 million, or 98 cents a share, compared with $81 million, or 59 cents a share, the previous year, the Burbank-based company reported. Net income for the fiscal year increased 80% to $444.7 million, or $3.23 a share, compared with $247.3 million, or $1.82 a share, a year ago. For the fiscal year, revenue climbed to $2.9 billion, a 32% increase from last year.

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