Disney's (Nasdaq:DIS) CFO Parks Chief Switch Roles; 4th quarter earnings topped Wallstreet expectations

The Walt Disney Company  reported fiscal fourth quarter earnings and revenue that topped Wall Street expectations, driven by solid gains in the company's Media Networks segment. Walt Disney Company (Nasdaq:DIS) rose the most in the Dow Jones Industrial Average, climbing 4.8 percent to $30.44. The world’s largest media company reported fourth-quarter profit rose 18 percent, exceeding analysts’ estimates, on higher fees from pay TV operators that carry its ESPN sports programming.

Best Damn Penny Stocks, a leading financial publication, is pleased to alert investors of stocks on the move. Sign Up for our Free Stock Newsletter

Rasulo has been behind a $1 billion expansion of Disney's California Adventure theme park in Anaheim, Calif., the construction of two new cruise ships, a Disney resort in Hawaii and led negotiations that resulted in China's approval of a Disney theme park in Shanghai estimated to cost $3.5 billion. He also helped turn around Disneyland Resort Paris, which struggled after opening as Euro Disney in 1992. The company reports its fourth-quarter earnings later Thursday, with weakness at the movie studio expected to pull down earnings compared with a year ago. Disney recently overhauled executives and operations at the studio, which has seen five straight quarters of declining revenue and is expected to take a write-down on "A Christmas Carol," which had a disappointing opening last weekend despite a huge marketing campaign.

Sign up for the free Best Damn Penny Stocks newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit our website

About Us

Best Damn Penny Stocks is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We also track small cap companies that are on the brink of a financial breakout. To feature a company on our web site please contact us at the email listed below.

Please click here to read the full disclaimer