Disney's 2nd quarter earnings report shows attendance down, profits up 2nd quarter earnings report released for Walt Disney World No description found
Disney released its latest earnings report and although attendance decreased this quarter, the company saw an increase in profit.
According to the report, the Walt Disney Company made around $2 billion this quarter, which is up 2 percent over the last year, but still less than what Wall Street analysts wanted.
Revenue at the Walt Disney World parks and resorts went up 10 percent because of higher prices of tickets, food, beverage, merchandise and hotels, according to the report.
Although attendance and hotel occupancy decreased at Walt Disney World this quarter, profit at the Parks and Resorts division went up to $624 million.
The company blamed the drop on the timing of the New Year's and Easter holidays.
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