Large-cap earnings were pretty good this quarter, just like they were in the second quarter of this year.
The Walt Disney Company (DIS) was one of them. Notable in the companys solid fiscal fourth-quarter and year-end results was its huge jump in profitability.
While total fiscal 2014 sales grew eight percent to a record $48.8 billion, earnings grew a whopping 22% to a record $7.5 billion on the back of strong growth in parks and resorts revenues and studio entertainment. Parks and resorts, in particular, produced a solid increase due to domestic demand.Read more..