By Dawn C. Chmielewski, Los Angeles Times
August 8, 2012
Marvel’s comic book superheroes “The Avengers” proved up to the task of vanquishing not only a malevolent demigod — but also the ghost of “John Carter.”
The blockbuster summer movie, which has garnered nearly $1.5 billion in worldwide box-office receipts so far, helped Walt Disney Co. post a better-than-expected 24% increase in quarterly earnings.
Buoyed by “The Avengers” and improvements at its theme parks and consumer products groups, the Burbank company reported a profit of $1.83 billion, or $1.01 a share, for its fiscal third quarter, which ended June 30, compared with $1.48 billion, or 77 cents a share, a year earlier.
It was the largest quarterly per share earnings in Disney’s nearly 90-year history, Chief Executive Robert A. Iger said.
Revenue for the quarter was $11.1 billion, up 4% from a year earlier.
Disney’s film group, which in the previous quarter lost $84 million because of write-downs associated with the “John Carter” box-office disappointment, saw a dramatic reversal in fortune.