LOS ANGELES — Disney’s movie studio boosted company earnings once again, with the debut of “Avengers: Age of Ultron” proving the continued strength of the Marvel superhero brand.
Net income grew 11 percent in the April-June quarter to $ 2.48 billion, or $ 1.45 per share, topping the $ 1.39 expected by 10 analysts polled by Zacks Investment Research.
Revenue climbed 5 percent to $ 13.1 billion, a hair short of the $ 13.2 billion expected by six analysts surveyed by Zacks.
Disney said weakness in the euro hurt revenue at Disneyland Paris. Although parks revenue grew, the unit’s revenue came in below forecasts.
Studio revenue gains of 13 percent topped all divisions, helped by “Avengers,” which grossed $ 1.4 billion in theaters worldwide since its April release.
Every Disney segment grew except for its interactive division. There, revenue dropped and the unit broke even, reversing a profit from a year ago, as the “Disney Infinity” game lost momentum. The game is expected to get a surge of fresh content for this holiday season.
Shares fell 2.1 percent to $ 119.14 in after-hours trade following the release of results.
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Parts of this story were generated by Automated Insights (http://automatedinsights.com/ap ) using data from Zacks Investment Research. Access a Zacks stock report on DIS at http://www.zacks.com/ap/DIS
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Keywords: Walt Disney, Earnings Report, Priority Earnings
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