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Walt Disney Co. Theme Parks Are Bright Spot In Slow Q1

Walt Disney Co. Theme Parks Are Bright Spot In Slow Q1

Parks and resorts reported a 6 percent increase in revenue to $4.6 billion in Disney's fiscal first quarter ended Dec. 31, 2016, which compared with $4.2 billion for the first three months of its fiscal 2016 ended Jan. 2, 2016. Disney is the parent company of Walt Disney World in Orlando.

Disney's overall company revenue for the first quarter was $14.7 billion, down 3 percent from $15.2 billion in the prior-year quarter. Net income for the company fell 14 percent to $2.47 billion from $2.88 billion in the first quarter of fiscal 2016.