Disney earnings rise on ESPN growth, film hit 'Frozen'
The company posted diluted earnings per share of $1.03, according to a statement released on Wednesday. Net income for the quarter rose to $1.8 billion, a 33 percent gain from a year earlier.
Disney shares climbed to $72.81 in after-hours trading, up 1.5 percent from their earlier $71.76 close on the New York Stock Exchange.
The media networks unit, which includes ESPN, reported $1.5 billion in operating income for the quarter, a 20 percent gain from a year earlier.
The company's movie studio reported a 75 percent gain in operating income, to $409 million. The unit benefited from big box office grosses for "Frozen," the story of royal sisters in an icy kingdom, and Marvel superhero sequel "Thor: The Dark World." The two films have sold more than $1.5 billion worth of tickets combined.
(Reporting by Lisa Richwine; Editing by Cynthia Osterman)