The Walt Disney Company (NYSE:DIS) had net income of $1.382 billion during its first quarter, the corporation announced Feb. 5.
The stock was up 1.6 percent in early after-hours trading.
Disney’s first quarter ended Dec. 29.
Income was lower than a year ago, Disney reported, but worked out to about 77 cents per share, about a penny more than analysts expected.
Revenue was up in most of Disney’s segments, including media networks, parks and resorts, consumer products and interactive services.
Revenue was down in Disney’s studio entertainment segment, but it turned a profit.
"Operating income at cable networks decreased $15 million to $952 million for the quarter due to a decrease at ESPN," Disney said, "partially offset by growth at the domestic Disney Channels, ABC Family and A&E television networks."
"Higher operating income at our domestic operations was primarily due to increased guest spending at both Walt Disney World Resort and Disneyland Resort, the addition of the Disney Fantasy cruise ship which launched in March 2012, attendance growth at Disneyland Resort, and higher occupied room nights at Walt Disney World Resort," according to the company.
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