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Disney beats analysts’ estimates with 10% increase in profit in second quarter

May 5, 2015 by Blog Posts

By DANIEL MILLER

Walt Disney Co. reported Tuesday that its domestic theme parks and its 575 Madison Avenue New York City Disney Stocksconsumer products business drove the company to a 10% increase in net income for its fiscal second quarter.

The Burbank-based company posted net income of $2.108 billion for the quarter that ended March 28, up from $1.917 billion a year earlier. Revenue rose 7% to $12.461 billion.

Disney, the world’s largest entertainment and media company, delivered earnings of $1.23 a share, easily beating analyst expectations of $1.11, according to investment research firm Zacks.

Chairman and Chief Executive Robert Iger said in a statement that the company’s performance during the quarter “demonstrates the incredible ability of our strong brands and quality content to drive results.”

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