News Column

Frozen helps to boost Disney

May 7, 2014

KATE McCANN



DISNEY beat market expectations last night, helped along by popular animated film Frozen.


Shares in the media company rose in after-hours trading after it posted net income for the quarter of $1.9bn (1bn) from $1.5bn a year earlier. Adjusted earnings were $1.11 a share, beating analyst expectations of $0.96.


In results posted a year ago, Disney reported earnings of $0.79 per share.


The boost largely came from Disney's studios, helped by hit film Frozen.


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Source: City A.M. (UK)


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