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The Associated Press February 8, 2011, 7:00PM ET

Summary Box: Disney 1Q profit up 54 percent

EPIC MICKEY: The Walt Disney Co. reported that its quarterly earnings through December rose 54 percent to $1.3 billion, or 68 cents per share, beating the 56 cents per share predicted by analysts polled by FactSet.

ACROSS THE BOARD: Improvements across the board helped. Ad revenue grew at ESPN and ABC, cost reductions boosted profits at the movie studio, and domestic park attendance rose 2 percent. Losses at the interactive unit grew, but its revenue jumped 58 percent.

OUTLOOK: Ad revenue is seen rising in the second quarter through March. But studio results may look smallish against the results of "Alice in Wonderland" released last March.

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