Disney reported quarterly earnings and revenue that beat analysts' expectations on Tuesday, amid major announcements including an over-the-top streaming service for DirecTV.
The company posted third-quarter earnings of $1.62 per share on $14.28 billion in revenue. Analysts expected Disney to post earnings of $1.61 per share on $14.15 billion in revenue, according to a Thomson Reuters consensus estimate.
The stock was last down 1 percent in extended trading.
Operating income for Disney's studio segment came in at $766 million, higher than analyst expectations for $720.7 million, according to FactSet. Overall, the company said operating income for the unit benefited from "strong performance" of its films including "Captain America: Civil War" and "Finding Dory."
Disney CEO Bob Iger said in a statement that the company's results "are evidence that our asset mix is strong, as is our ability to execute in ways that enhance the Disney brand and create value for our shareholders while we invest for future growth."