The Traderszone Network

Published in TZ Latest News 3 February, 2015 by The TZ Newswire Staff

‘Frozen’ still hot as Disney profit beats forecasts

Disney shares rose 4.4 percent to $98.23 in after-hours trading on Tuesday. The stock reached record highs in recent months on strong performances across its TV networks, theme parks and movie studio. Each of its five divisions reported higher operating income for the quarter, ended Dec. 27. At Disney’s parks unit, operating income rose 20 percent to $805 million as more people visited its U.S. parks and increased spending on tickets, merchandise, food and drinks.