Disney profit beats analysts in part due to strong theme park results

Posted | Contributed by Jeff

Walt Disney Co. reported second-quarter profit that beat analysts’ estimates, bolstered by improving results at its theme-park and merchandise units in a period that lacked a major movie blockbuster. At the theme-parks unit, where Disney has been investing in new attractions, the company in February raised the price of a daily admission to its Magic Kingdom Resort in Orlando, Florida above $100. Profit at the division expanded to $566 million, on a 13 percent rise in sales.