Disney Reports Flat Earnings But Sees Conditions Improving

Walt Disney Co.'s (DIS) fiscal first-quarter net income showed a net profit of $844 million, or 44 cents per share, down slightly from $845 million, or 45 cents are share, a year earlier. Revenues were up 1% to $9.7 billion for the quarter ending January 2, up from $9.6 billion in the quarter ending Dec. 27, 2008.