Disney movies from 'Frozen' to 'Guardians of the Galaxy' lift results in 4th quarter

IndustriesAssociated Press

The success of The Walt Disney Cos.' movies, including the animated tale "Frozen" and the Marvel movie "Guardians of the Galaxy," lifted the media company's fiscal fourth-quarter results.

Disney Studios has had a string of hits that is likely to continue with the first of its annual "Star Wars" movie launching next year. On Thursday, Disney said the movie will be called "The Force Awakens."

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Fourth-quarter net income rose 8 percent to $1.5 billion, or 87 cents per share. Excluding one-time items, net income matched analyst expectations of 89 cents per share.

Revenue rose across most of Disney's divisions, including its media networks, parks and resorts, studio entertainment and consumer products. Revenue rose 7 percent to $12.39 billion, ahead of expectations of $12.36 billion.