Disney reports strong Q1

Operating income for the consumer products division was $313m for the quarter.
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Robert Iger, the president and CEO of The Walt Disney Company, has said that the firm is off to a "good start" in this fiscal quarter, as it reported its first quarter earnings.

The company posted revenues of $10,779m for the quarter ending December 31st 2011.

In terms of the consumer products division, operating income stood at $313 million for the quarter (which was comparable to the prior year quarter), while revenues increased by three per cent to $948 million.

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