http://today.reuters.com/news/articleinvesting.aspx?view=CN&storyID=2007-02-07T211015Z_01_WEN3816_RTRIDST_0_DISNEY-EARNS-URGENT.XML&rpc=66&type=qcna

QuikQuote: The Walt Disney Co. said on Wednesday that first quarter net earnings more than doubled from a year ago, helped by the one-time sales of assets.
Disney, maker of the animated films "Pirates of the Caribbean: Dead Man's Chest" and "Cars", said net income rose to $1.7 billion, or 79 cents per share, from $734 million, or 37 cents per share in last year's first quarter.
Analysts on average expected net earnings of 75 cents per share and revenue of $9.5 billion, according to Reuters Estimates.

The entire Earnings Report can be found here

http://media.disney.go.com/investorrelations/quarterly_earnings/2007_q1.pdf

From the Conference call

Disneyland Resort attendance down 5% as compared to 1st Qtr of 2006 (October thru December)

WDW attendance up 3% compared to 1st. Qtr 2006

WDW hotel occupancy was 85%

DLR Hotel occupancy was 94%

In regards to Hong Kong Disneyland, "More Challenging than we thought"

For those who are interested, Jay Rasulo will be making a presentation at 4 PM Pacific/7 Pm Eastern today (Wednesday, 2/7). You can listen to it live, or on tape delay here...

http://corporate.disney.go.com/investors/presentations.html

helped by the one-time sales of assets.

What assets?

What assets?

Disney sold its share in the E! TV network to Comcast and the US Weekly magazine to Wenner Media, which brought in $1.1 billion in cash.

Didn't they sell some land in Florida, too? Probably not in the same order of magnitude, though, as the TV and magazine sales.

"WDW attendance up 3% compared to 1st. Qtr 2006"

I hope they don't see this as a reason to not fix up the HM
and remove the cob webs from the TTA
and re-synchronize EPCOT's jumping fountains.