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Disney’s fourth-quarter earnings jump 33 percent



Disney
Fourth-quarter operating income at the Walt Disney Company grew 33 percent to $421 million over the same period last year, the entertainment giant announced Thursday.

Walt Disney Studios recorded a 13 percent increase in operating profit in the quarter to $117 million due to lower write-downs and strong ticket sales for The Lion King 3-D and The Help. However, the Pixar division’s Cars 2failed to meet expectations, so merchandising sales accounted for most of the studio’s operating profit.

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