Corporate scorecard: Standard Chartered & Walt Disney

Standard Chartered operating profit falls as wholesale slips

Standard Chartered Plc said first- quarter operating profit declined "slightly" as wholesale- banking revenue fell, pushing down shares of the UK's second- largest bank by market value. Revenue climbed from a year earlier as an increase in consumer banking income offset a "mid single-digit" decrease in wholesale, or corporate banking, the London-based company said in a statement on Wednesday, without giving specific figures. The shares fell 6.2 per cent to 1,594 pence in London at 9:06 am in London trading. Full-year revenue may increase by 8 percent, short of the bank's annual target of 10 per cent.
 

Disney's Q2 net rises 32% as park guests splurge

Walt Disney Co, the world's largest entertainment company, said fiscal second-quarter profit rose 32 percent, beating analysts' estimates as guests splurged at theme parks in California and Florida. Net income grew to $1.51 billion, or 83 cents a share, from $1.14 billion, or 63 cents, a year earlier, Burbank, California- based Disney said yesterday in a statement. Excluding items, profit of 79 cents beat the 77-cent average of 27 analysts' estimates compiled by Bloomberg.