Disney profit down, but beats estimates and sees 11% boost in theme park revenue for quarter

Posted | Contributed by Jeff

Walt Disney Co. said Tuesday that its first-quarter profit fell 27% compared with the year-ago quarter, which included a gain from sales of its interests in E! Entertainment and Us Weekly, as well as results from its discontinued ABC radio operations, but its latest results easily surpassed most analysts' expectations, sending the stock higher in evening trading. At Disney's theme parks in the December quarter, revenue increased 11% to $2.77 billion on strong holiday season attendance.