The Walt Disney Company reported third-quarter revenue of $14.3 billion and earnings of $1.62 a share after markets closed Tuesday, beating analyst expectations.
That topped consensus analyst estimates of $14.2 billion in revenue and earnings of $1.61 a share, as Disney’s strength in movies made up for its continued struggles in cable TV, particularly with its sports juggernaut ESPN. Disney failed to beat expectations for the first time in five years when it reported its second-quarter earnings in May.
Disney’s revenue jumped 9 percent and earnings per share surged 10 percent compared with the same time the previous year. Disney classifies the three months ending at July 2 as its fiscal third quarter.