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

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

Luke and Leia and crew led the Walt Disney Co. to a record profit in its fiscal first quarter.

The Burbank company reported net income of $2.88 billion in the first quarter that ended Jan. 2. That was a 32% increase over the same period a year earlier. Revenue rose 14% to $15.2 billion.

The blockbuster "Star Wars: The Force Awakens," which has grossed more than $2 billion worldwide, was largely responsible for the successful quarter, driving strong results in multiple business units.

Disney delivered earnings per share of $1.63, handily beating analysts' estimates of $1.44.

The strong numbers,...

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