Disney's first-quarter profit up 12%

Strong performances at Walt Disney Co.'s domestic theme parks and by Pixar, Marvel, ESPN and ABC," Disney President and Chief Executive Bob Iger told analysts.

Before Disney reported its results, media analysts said they would be watching advertising trends at ESPN, the powerhouse cable sports network that Morgan Stanley estimates contributes about 8% of the company's revenue.

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-- Dawn C. Chmielewski, Los Angeles Times

Photo: Visitors to Walt Disney Co.'s California Adventure theme park in Anaheim take in the "Ariel's Undersea Adventure" ride. Domestic theme parks helped drive a 12% gain in Disney's fiscal first-quarter profit.  Credit; Paul Hiffmeyer / Disneyland Resort


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