Looks like Disney had a decent quarter.

May 15, 2010 (Close-Up Media via COMTEX) — The Walt Disney Company has reported earnings for its second fiscal quarter and six months ended April 3.

In a May 11 release, the Walt Disney Company reported diluted earnings per share (EPS) for the second quarter increased 45 percent to $0.48 from $0.33 in the prior-year quarter. EPS for the current and prior-year quarter include the items discussed in the following paragraph. Excluding these items, EPS increased 12 percent to $0.48 from $0.43 in the prior-year quarter.

The current quarter included restructuring and impairment charges, a gain on the sale of an investment in a pay television service in Central Europe, and an accounting gain related to the acquisition of the Disney Stores in Japan, which collectively had no net impact on EPS. The prior-year quarter included restructuring and impairment charges which had a $0.10 per share impact on EPS.

For the six month period, diluted EPS was $0.93 compared to $0.78 in the prior-year period. In addition to the items discussed above, EPS for the current six months included restructuring and impairment charges and a gain on the sale of an investment in a television service in Europe which were recorded in the first quarter of the current year while the prior-year period included a gain on the sale of our investment in two pay television services in Latin America. Excluding these items, EPS increased 12 percent to $0.95 from $0.85 in the prior-year six months.

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