Disney Earns its Ears

5/7 - "Last night's quarter was a beauty. Earnings from continuing operations climbed 23% to $1.1 billion, or $0.58 a share. Revenue inched 10% higher to $8.7 billion, with all four of Disney's operating segments posting year-over-year gains."

"Wall Street was nervously anticipating the company's theme park numbers, and they were brilliant. Revenue and operating profits rose 11% and 33%, respectively...The company's media networks were also a concern. Disney's cable properties, like ESPN and the Disney Channel, would surely do well, since they're mostly subscriber-based (like Viacom (NYSE: VIA) and Time Warner (NYSE: TWX)), but would the ad-heavy and strike-shortened ABC bring down the segment? No way."

"...until (CEO Bob) Iger proves mortal, it's a sucker's bet to bet against Disney.