Oz movie lifts Disney profits

City A.M. Reporter
MEDIA giant Walt Disney has reported an increase in profit that beat Wall Street expectations, boosted by higher attendance at theme parks and the movie box office success of “Oz the Great and Powerful.”

Net income increased 32 per cent from a year earlier to $1.5bn (£968.7m) for January through March, Disney said.

Adjusted earnings per share rose 36 per cent to 79 cents, beating analyst expectations of 77 cents.

Revenue increased 10 per cent to $10.6bn.