Shares of Walt Disney (DIS) have gained after the entertainment giant smoked second-quarter earnings forecasts.
AP Disney reported a profit of $1.11, beating forecasts for 92 cents, on sales of $11.65 billion, besting forecasts for $11.25 billion.
Disney CEO Robert Iger had this to say about the company’s earnings:
We're extremely pleased with our results this quarter, delivering double-digit increases in operating income across all of our businesses and the highest quarterly earnings per share in the history of the Company…Our continued strong performance reflects the strength of our brands, the quality of our content, and our unique ability to leverage creative success across the entire Company to drive value.
Shares of Walt Disney have gained 2.1% to $82.48 in after-hours trading at 4:18 p.m.
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