Article: The Walt Disney Company Reports Higher First Quarter Earnings and Strong Segment Operating Income Growth.

* EPS for the quarter increased to $0.79 from $0.37 in the prior-year quarter

* EPS for the current and prior-year quarter benefited from net gains related to dispositions totaling $0.29 and $0.02, respectively. Excluding these items, EPS increased 43% to $0.50 from $0.35 in the prior-year quarter

* Growth for the quarter reflected record operating results at Studio Entertainment and strong performance at Media Networks

BURBANK, Calif. -- The Walt Disney Company (NYSE: DIS) today reported earnings for the first quarter ended December 30, 2006. Diluted earnings per share (EPS) for the quarter increased to $0.79, compared to $0.37 in the ...

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