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| 2009 | DISNEY WALT CO : Disney, Hearst, NBC in talks on cable joint venture | RE |
| 2009 | DISNEY WALT CO : Data and Disney lift Dow and S&P, but Nasdaq slips | RE |
LOS ANGELES (Reuters) - The Walt Disney Co on Tuesday said its quarterly profit dropped by 32 percent as global economic woes weighed on television advertising, attendance at its theme parks and its movie businesses.
Net profit fell to $845 million, or 45 cents per share, from $1.25 billion, or 63 cents per share in last year's first quarter.
Revenue fell 8 percent to $9.6 billion, from $10.45 billion a year earlier.
Analysts, on average, expected revenue of $10.07 billion for the quarter, according to Reuters Estimates.
Disney shares rose fell 3.2 percent to $19.95 in after-hours electronic trade.
(Reporting by Gina Keating, editing by Leslie Gevirtz)
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