Shares of the Walt Disney Co. rebounded after hours on Tuesday after the company reported profit and revenue for the fiscal second quarter that were above Wall Street expectations.
Disney reported per-share earnings of $1.95, up from $1.50 during the same quarter a year ago. Excluding certain items that the company said affect comparability, earnings were $1.84 per share. Analysts expected Disney to report earnings of $1.69 per share, according to estimates gathered by Yahoo Finance.
Revenue in the quarter hit $14.5 billion, up from $13.3 billion last year and above analysts forecasts of $14.1 billion.
“Driven by strong results in our parks and resorts and studio businesses, our Q2 performance reflects our continued ability to drive significant shareholder value,” Disney CEO Bob Iger said in a statement.