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Robert A. Iger

Walt Disney Co. posts record quarterly profit on success of 'Star Wars'

Walt Disney Co. posts record quarterly profit on success of 'Star Wars'

The box-office power of “Star Wars: The Force Awakens” propelled Walt Disney Co. to record profit for the fiscal first quarter, easily beating analysts' expectations.

But the stellar results did not improve Disney's footing on Wall Street, where shares of the Burbank entertainment juggernaut fell more than 3% to $89.10 in after-hours trading.

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FOR THE RECORD

An earlier version of this article said revenue for Disney's consumer products and interactive division was up 8% to $1.9 million. It was up 8% to $1.9 billion.

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The drop came after the company reported a 6% decline in operating income for its...

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