Disney’s 2013 films fall short

City A.M. Reporter
WALT Disney posted slightly higher quarterly profit yesterday, despite less successful summer films.

Overall, net income rose one per cent to $1.85bn (£1.2bn) in the quarter that ended in June. Adjusted earnings-per-share reached $1.03, beating the $1.01 average forecast from analysts.

Investors had expected a disappointment after 2013 films the Lone Ranger, Iron Man 3 and Monsters University had failed to hit the levels seen by films like Brave and The Avengers last year.