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 LOS ANGELES (AP) - Net income at The Walt Disney Co. increased 27 percent in the second quarter, boosted by strong results from its film studio, advertising sales at ESPN and international sales of its TV shows, including "Desperate Housewives."
Although revenue was essentially flat for the quarter, profits were helped by some cost cutting at the studio and an unexpected hit, the motorcycle road trip adventure "Wild Hogs" with John Travolta.
The media conglomerate, based in Burbank, said Tuesday its net income for the quarter ended March 31 was $931 million, or 44 cents per share, compared with $733 million, or 37 cents per share, in the same period a year ago.
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