Disney beats earnings and revenue estimates on ad rates and theme parks

Posted Wednesday, August 10, 2011 1:21 PM | Contributed by Jeff

Walt Disney posted earnings after the bell on Tuesday, beating expectations but seeing the stock fall in afterhours trading. Parks and resorts performed well in the quarter, seeing revenues jump 12% to $3.2 billion. Operating income gained 9% to $519 million on higher guest spending and attendance.

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