Wednesday, May 8, 2013

Disney Q2 Profit Up 32%

Walt Disney Co. DIS -1.82% said late Tuesday that its fiscal second-quarter earnings rose to $1.51 billion, or 83 cents a share, from $1.14 billion, or 63 cents a share, in the year-ago period. Excluding one-time items, the company would have reported 79 cents a share. Revenue grew to $10.55 billion from $9.63 billion last year. Analysts surveyed by FactSet expected fiscal second-quarter earnings of 77 cents a share on revenue of $10.49 billion. Disney shares rose 0.6% to $66.45 in after-hours trading on moderate volume.