Walt Disney Co. reported Tuesday that its domestic theme parks and its consumer 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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