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The offer beat consensus market expectations of around 36 cents, and the 37 cents per share that Disney offered following its second quarter of 2006.
"We've had another excellent quarter, posting double-digit increases in net income and earnings per share," said Disney President and Chief Executive Officer Robert Iger. "These results are evidence of our ability to nurture great creativity, our strength in operating a broad range of businesses, and our commitment to financial discipline. . . . They validate our strategic vision."
Disney's stock closed Thursday at $36.55 per share, up 49 cents...
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