Disney 2Q earnings beat Street, helped by 'Frozen'

Staff Writer
Columbus CEO

LOS ANGELES (AP) — Disney posted second-quarter earnings that beat Wall Street forecasts, helped by the blockbuster success of movies like "Frozen" and "Thor: The Dark World."

Net income in the three months through March jumped 27 percent to $1.92 billion, or $1.08 per share, from $1.51 billion, or 83 cents per share, in the same period a year ago.

Excluding charges for foreign exchange losses and restructuring, adjusted earnings came to $1.11 per share, beating the 96 cents expected by analysts polled by FactSet.

Revenue grew 10 percent to $11.65 billion, trumping the $11.25 billion analysts expected.

The Walt Disney Co.'s stock rose $1.47, or 1.8 percent, to $82.50 in after-hours trading following the earnings release.