LOS ANGELES: The Walt Disney Co. on Tuesday reported lower-than-expected net income and revenue for the second quarter, due to the poor box-office performance of "Mars Needs Moms" and the temporary closure of theme parks in Japan from the earthquake and tsunami.
Revenue at the company's parks and resorts improved during the quarter as Disney eased back on discounts and guests spent more on tickets and hotel rooms. But costs to launch the Disney Dream cruise ship in January, the Japan quake in March and the shift of the Easter holiday to later in April hurt the division's profits.
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