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Disney Cruise Line
Disney nailed higher average ticket prices for Q3 cruises

Cruise ticket pricing helped boost Disney's record Q3

The Walt Disney Co.'s third quarter earnings per share increased a whopping 27%, making the best quarter in the company's history. Higher cruise ticket pricing was among the contributors in the period ending June 28.

Net income was $2.2bn, or $1.28 per share, up from $1.8bn, or $1.01 per share, on revenues of $12.5bn, up from $11.6bn. Analysts were expecting EPS of $1.17.

Disney Cruise Line is part of the Parks and Resorts division, where profit was up 23%, to $848m from $689m a year ago, and revenues topped $3.9bn, up from just under $3.7bn in Q3 2013.

'Guest spending growth reflected higher average ticket prices for admissions at our theme parks and for sailings at our cruise line and increased food, beverage and merchandise spending,' the company said in commenting on the Parks and Resorts performance.

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