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Disney earnings and revenue beat Wall Street estimates

CNBC with Reuters
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Disney reported higher profit for the quarter that ended in September, lifted by more visitors to U.S. theme parks and higher sales of toys and other consumer products.

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The company also said it will bring the next movie in the "Star Wars'' franchise to theaters on Dec. 18, 2015, the company said in a statement on Thursday.

Disney purchased "Star Wars" producer Lucasfilm for $4.05 billion in 2012 and promised at least three more films in the series, which ranks as one of the biggest movie franchises of all time.

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Fiscal fourth-quarter net income rose 12 percent to $1.39 billion or 77 cents per share from $1.24 billion or 68 cents in the year-earlier period.

Revenue increased 7 percent to $11.57 billion from $10.78 billion a year ago.

Analysts had expected Disney to report earnings of 76 cents a share on $11.40 billion in revenue, according to a consensus estimate from Thomson Reuters.

Parks and Resorts revenues for the quarter increased 8 percent to $3.72 billion and Studio Entertainment revenues for the quarter increased 7 percent to $1.51 billion, according to its earnings release.

—CNBC with Reuters