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Disney Beat Wall Street Expectations For The Quarter Ending In September


Walt Disney Co. reported a gain in profit that beat expectations through higher spending by summer visitors to U.S. theme parks teamed with increased sales of toys. The company had earnings per share of 77 cents for the quarter, that beats expectations of 76 cents per share. For the quarter the media giant had a net income of $1.4 billion, a 12% rise from a year ago.