The Walt Disney Company profit rocket high


The Walt Disney company profit rises by an 11.4%, in the company’s quarterly profit reports published on Tuesday, the boost has been risen due to their “Beauty and the Beast” fairy tale production and the company’s theme park brought revenue into the profit. The Walt Disney Company profit rocket high.

The Walt Disney Company profit rocket high
Image: Wikipedia

Walt Disney Co (DIS.N), company’s revenue rose from $12.97bn to $13.34bn that gives them around 2.8% rise in profit; meaning the 2nd quarter that ended 1st April 2017, the share price of Walt Disney stands to $1.50 per share from $1.30.

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Investors in the company were a bit worried when the company announced that the current CEO of Walt Disney Bob Iger’s time will be extended to July 2019.

The company has already extended Bob’s term with Walt twice, that brings it will be third extension.