Excluding gains on investment sales and stock-based, compensation-related charges, Disney reported quarterly earnings of 50 cents a share, easily surpassing expectations. The company was expected to post fiscal first-quarter earnings of 39 cents a share, according to a Thomson Financial consensus estimate, up from 35 cents last year.
Including one-time items, Disney said net income rose to $1.7 billion, or 79 cents a share, from $734 million, or 37 cents a share in last year's first quarter.
Revenue rose 10% to $9.7 billion, topping the analyst consensus of $9.5 billion.
The broadcasting and entertainment company has enjoyed robust earnings growth and a return to favor with investors since Robert Iger took over as chief executive in late 2005 and began an aggressive program to expand the company's global reach, revitalize its animation division and push the boundaries of digital distribution.