The Burbank company posted net income of $1.51 billion for the quarter that ended March 30, up 32% from a year earlier. Revenue rose 10% to $10.55 billion.
Disney, the world's largest entertainment and media company, posted adjusted earnings per share of 79 cents, up from 58 cents a year earlier. The company beat the expectations of analysts who predicted earnings per share of 77 cents.
"With adjusted earnings per share up 36% over last year, we're obviously pleased with our second quarter," Robert A. Iger, chairman and chief executive of Disney, said in a statement. "Our results reflect our successful strategy, the strength of our brands and the value of our high-quality creative content, all of which continue to drive long-term growth and shareholder value."
Shares of Disney rose $1.01 on Tuesday to $66.07, not far from an all-time high of $66.09 set earlier in the day. The stock rose to $66.27 in after-hours trading.
Disney's Media Networks Group, which includes
The company's movie studio had a strong quarter, posting operating income of $118 million. The studio said that it performed well in part due to the release of
Disney's parks and resorts posted operating income of $383 million -- a gain of 73% from a year earlier. Disney said the strong performance was largely due to an increase in business at its domestic properties.
Disney's interactive division posted an operating loss of $54 million, a slight improvement from the same quarter a year earlier, when it lost $70 million. Revenue was up 8% to $194 million.
On Monday, Disney announced that it had struck a deal with video game developer
Under the exclusive, multi-year agreement,
It wasn't the only bit of postive pre-earnings news for the company.
The success of the film should buoy the company moving forward, said Disney analyst Harold Vogel, president of Vogel Capital Management, in an interview before the earnings release.
"Earnings should have an all-around positive feel to it, especially given 'Iron Man 3,'" he said. "I am sure they will play that up and say they have a great quarter coming."