Disney profit gets boost from movies, parks, products

Written by Reuters | Updated: Aug 6 2014, 11:29am hrs
Media company Walt Disney Co reported higher quarterly profit that beat Wall Street expectations, helped by strong results from its movie studio, theme parks and consumer products division.

Net income rose to $2.2 billion for the quarter that ended in June, up 22 percent from a year earlier. Diluted earnings per share reached $1.28, beating the average forecast of $1.17 by analysts surveyed by Thomson Reuters I/B/E/S.

Revenue rose to $12.47 billion from $11.58 billion, the company said on Tuesday.

Shares of Disney held steady after closing at $86.75 on the New York Stock Exchange.