Disney earnings rise on ESPN growth, film hit ‘Frozen’

Media company Walt Disney Co pronounced larger revenue for the quarter that led to December, boosted by way of boom at sports activities network ESPN and the strong performance of its animated hit film “Frozen.” The corporate posted diluted revenue per share of $1.03, according to a statement launched on Wednesday. Disney shares climbed to $72.81 in after-hours buying and selling, up 1.5 percent from their past $seventy one.seventy six close on the New York Stock Trade. The media networks unit, which incorporates ESPN, pronounced $1.5 billion in running profits for the quarter, a 20 percent acquire from a 12 months prior.