Strong showing for consumer products in Disney Q3

Segment operating income up 35% thanks to increases in licensing and retail businesses.
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The Walt Disney Company has reported its earnings for the third fiscal quarter, ending June 30th 2012.

The period saw a solid performance by the consumer products division.

Revenues increased eight per cent to $742 million and segment operating income increased 35 per cent to $209 million. Higher operating income was attributed to increases in merchandise licensing and Disney's retail business.

The firm witnessed higher licensing revenue from Japan in the quarter, which had been impacted in the prior year by the earthquake and tsunami.

Properties such as Marvel's The Avengers also helped to bolster the coffers.

Total revenues for the quarter stood at $11,088 million, while segment operating income was $3,236 million.

Elsewhere, Parks and Resorts revenue for the quarter was up nine per cent to $3.4 billion; Studio Entertainment revenues were essentially flat at $1.6 billion - although segment operating income soared to $313 million; and the Interactive division saw revenues decrease 22 per cent to $196 million.

"We had a phenomenal third quarter, delivering the largest quarterly earnings in the history of our company," said Robert Iger, chairman and CEO of The Walt Disney Company.

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