Late on Thursday, media and entertainment company, Walt Disney Co. (NYSE: DIS) announced that its fourth fiscal quarter profit fell 13% to $760 million, or 40 cents a share, compared with a profit of $877 million, or 44 cents a share, in the corresponding quarter a year ago. Excluding the charge and other special items, Burbank, California based company would have earned 43 cents a share in the latest quarter. Revenue rose 5.8% to $9.45 billion. Analysts on an average were looking for earnings of 49 cents a share on sales of $9.31 billion. President and CEO said in a statement "I'm pleased by Disney's strong performance in fiscal year 2008, especially in light of the challenging economic environment." He added further "This is clearly a difficult and unpredictable time and while our businesses aren't immune, the strength of our assets, brands, and management team positions us well for the long term." Iger said that even the best product is feeling the effect and that bookings at theme parks in the last month have "fallen off considerably.” To improve attendance, the company is offering a number of discounts and offers. Shares of the company retreated 4.16% in after hours trade.

VeriSign Inc. (NASDAQ: VRSN) registered a third quarter net loss of $200 million, or $1.02 a share, from a net profit of $15 million, or 6 cents a share, in the same quarter in 2007. Excluding charges, including a 3-cent a share write-down related to investments affected by the Lehman bankruptcy, the company would have earned 25 cents a share. Sales rose 18% to $246.1 million from $215.7 million in the year ago period. Analysts on an average had predicted earnings of 24 cents a share on revenue of $243.1 million.In an interview, Chief Executive James Bidzos cautioned "We're less sensitive to the economic downturn, but we're not immune to it."

Genworth Financial (NYSE: GNW) posted a third-quarter net loss of $258 million, or 60 cents a share compared to net income of $339 million, or 76 cents a share, a year ago. Net operating income, was $220 million, or 51 cents a share, in the latest quarter. Revenue decreased 25% to $2.17 billion from $2.88 billion. Analysts on an average estimated the company to earn 55 cents a share. The company suspended its quarterly dividend and stock buyback program and withdrew outlook for the full year. Chairman and Chief Executive Michael D. Fraizer said in a statement "This was a disappointing quarter for the company, which was compounded by the ongoing turmoil in the credit, equity and housing markets." The company said it is considering asset sales, debt refinancing or a possible capital raise. Shares of Genworth Financial slumped 10.85% in after hours session.

San Diego, California based Qualcomm Inc. (NASDAQ: QCOM) said that its net income in the fourth quarter declined 22% to $878 million, or 52 cents a share, compared to earnings of $1.1 billion, or 67 cents a share, for the same period last year.