Media company Walt Disney on Tuesday reported higher profit that beat Wall Street expectations for the quarter ended in March, boosted by the continued strength of its blockbuster animated film "Frozen."
The company said it posted adjusted earnings of $1.11 a share, beating the 96 cent average forecast of analysts surveyed by Thomson Reuters I/B/E/S. A year ago, Disney reported adjusted earnings of 79 cents a share.
Disney shares rose 1.3 percent in after-hours trading, to $82.05 a share. (Click here to get the latest quotes for Disney.)