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DISNEY LOOKING GOOD IN FIRST QUARTER, SAY ANALYSTS
Tuesday, May 8 2007
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The Walt Disney Co. is expected to report first-quarter revenue of $8.1 billion, up from $8 billion for the year-ago quarter, following the close of trading today (Tuesday), a figure likely to cheer investors given the fact that its ABC television network didn't broadcast the Super Bowl this year and that it had no box-office hit on the level of last year's The Chronicles of Narnia during the quarter, the Wall Street Journal observed today. Nevertheless, it noted, investors are focusing on the current quarter when Disney releases the third Pirates of the Caribbean movie and Pixar's animated Ratatouille. The performance of the latter film may be regarded as critical, the Journal commented, since it is expected to test the wisdom of Disney's $7.4-billion purchase of the computer-animation studio.
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