AP News

News Summary: Disney 1Q helped by 'Frozen'


DISNEY BEAT: The Walt Disney Co. reported fiscal first-quarter earnings that beat Wall Street expectations, helped by its movie hit "Frozen" and sales of the "Disney Infinity" video game.

THE NUMBERS: Net income in the three months through Dec. 28 rose 33 percent to $1.84 billion. Adjusted earnings of $1.04 per share beat the 92 cents expected by analysts. Revenue rose 9 percent to $12.31 billion, also above the $12.25 billion expected.

SHARE ACTION: Shares rose $2.54, or 3.5 percent, to $74.30 in after-hours trading Wednesday, after already gaining 71 cents to close at $71.76 in the regular session.


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