BURBANK (dpa-AFX) - Correction : Correcting all earnings in para 2 and 3 to billion instead of million. All other content remain the same. The corrected version is as follows:
The Walt Disney Co. (DIS) Thursday reported an increase in profit for the fourth quarter, helped mainly by higher revenues.
Net income for the quarter increased to $1.39 billion from $1.25 billion last year.
Net income attributable to Walt Disney increased to $1.24 billion or $0.68 per share from $1.09 billion or $0.58 per share in the same period last year.
On average, 27 analysts polled by Thomson Reuters expected the company to earn $0.68 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues totaled $10.78 billion, up 3 percent from $10.43 billion last year. Analysts expected revenues of $10.92 billion.
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