'Frozen' Boosts Disney's Second Quarter Results

BURBANK, Calif. — The Walt Disney Co. reported that third quarter net income increased 22%, topping analysts' expectations on Tuesday.

The Burbank, California-based company said net income increased to $2.25 billion, or $1.28 per share, from $1.85 billion, or $1.01 per share, in the same quarter a year ago. The average estimate of analysts surveyed by Zacks Investment Research was for profit of $1.17 per share.

See also: Elsa Does Hard Time in Princess Prison in 'Frozen Is the New Black'

The company said revenue climbed 7.7% to $12.47 billion from $11.58 billion in the same quarter a year ago, and beat Wall Street forecasts. Analysts expected $12.16 billion, according to Zacks. Read more...

More about Disney, Business, Media, and Frozen



via Mashable http://ift.tt/1v87TWg