'Avengers' helps Disney top 3rd-quarter profit expectations; Disney Infinity game loses steam

MarketsAssociated Press

Disney's movie studio boosted company earnings once again, with the debut of "Avengers: Age of Ultron" proving the continued strength of the Marvel superhero brand.

Continue Reading Below

Net income grew 11 percent in the April-June quarter to $2.48 billion, or $1.45 per share, topping the $1.39 expected by 10 analysts polled by Zacks Investment Research.

Revenue climbed 5 percent to $13.1 billion, a hair short of the $13.2 billion expected by six analysts surveyed by Zacks.

Studio revenue gains of 13 percent topped all divisions, helped by "Avengers," which grossed $1.4 billion in theaters worldwide since its April release.

Every Disney segment grew except for its interactive division. There, revenue dropped and the unit broke even, reversing a profit from a year ago, as the "Disney Infinity" game lost momentum. The game is expected to get a surge of fresh content for this holiday season.

Shares fell 2.1 percent to $119.13 in after-hours trade following the release of results.


Parts of this story were generated by Automated Insights (http://automatedinsights.com/ap ) using data from Zacks Investment Research. Access a Zacks stock report on DIS at http://www.zacks.com/ap/DIS


Keywords: Walt Disney, Earnings Report, Priority Earnings