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Profits dip at Disney in fourth quarter

'Toy Story 3' offsets 'Persia,' 'Apprentice' losses

Profits at the Walt Disney Co. fell 7% to $835 million during the fourth quarter, as revenue dipped 1% to $9.7 billion during the last three months, with “Toy Story 3” helping offset any losses from “Prince of Persia: The Sands of Time” and “The Sorcerer’s Apprentice” this summer.

For the full year, revenue was up 5% to $38 billion, helping profits rise 20% to nearly $4 billion, thanks in part to hits like “Alice in Wonderland” and Marvel’s “Iron Man 2,” as well as a rebounding advertising market, uptick in theme park attendance and cablers like ESPN.

“With the acquisition of Marvel, our brand and franchise portfolio is stronger than ever and we’re confident our global growth strategy positions the company well to thrive in the coming years,” said Disney president and CEO Robert Iger.

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