Media company Walt Disney Co reported higher profit for the quarter that ended in December, beating Wall Street expectations with growth at sports network ESPN and the strong performance of its animated hit film "Frozen." The company posted adjusted earnings per share of $1.04, according to a statement released on Wednesday, exceeding the 92 cents average estimate of analysts surveyed by Thomson Reuters I/B/E/S. Net income for the quarter rose to $1.8 billion, a 33 percent gain from a year earlier. Disney shares climbed to $72.99 in after-hours trading, up 1.7 percent from their earlier $71.76 close on the New York Stock Exchange. The media networks unit, which includes ESPN, reported $1.5 billion in operating income for the quarter, a 20 percent gain from a year earlier.
via Business News - Yahoo Finance http://ift.tt/1auriqE
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