Walt Disney Co. reported a 12% increase in net income for its fiscal fourth quarter, lifted by the performance of its consumer products, studio, and parks and resorts divisions.
The Burbank company posted net income of $1.394 billion for the quarter that ended Sept. 28, up from $1.244 billion a year earlier. Revenue rose 7% to $11.568 billion, the Los Angeles Times reported.
Disney, the world's largest entertainment and media company, posted adjusted earnings per share of 77 cents, up from 68 cents a year earlier.
That was slightly ahead of the expectations of analysts, who predicted earnings per share of 76 cents, according to investment research firm Zacks.
Shares of Disney fell $1.85 on Thursday to $67.15 in regular trading. The stock was down to $66.48 in after-hours trading. The shares are up 35% on the year.