• Disney sees occupancy drop

Walt Disney reported that fourth quarter net income slipped from $1.1bn to $966m on revenues that fell from $9.9bn to $9.7bn.

At the theme park division operating income fell 8% to $316m, due to higher costs and lower hotel occupancy at its US resorts.The fourth quarter suffered from being one week shorter than the comparable period last time, the group said.

See the full release here:
http://corporate.disney.go.com/investors/quarterly_earnings.html

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