Walt Disney Beats Analyst Expectations With Strong Q1 Results

Walt Disney Co DIS reported earnings Tuesday for its first fiscal quarter ended December 27, 2014 and beat analyst expectations.

Revenue came in at $13.391 billion, above estimates of $12.87 billion, a 9 percent increase from the prior year period.

Diluted earnings per share (EPS) for the first quarter increased 23 percent from the prior year period to $1.27, above estimates of $1.07.

Significant revenue gains were posted in the Consumer Products segment which was up 22 percent from the year-ago period to $1.379 billion.

“This was yet another incredibly strong quarter for our Company, with diluted EPS up 23 percent driven by record revenue as well as significant growth in segment operating income,” said Robert A. Iger, chairman and chief executive officer, The Walt Disney Company.

Walt Disney Co traded at $97.20 in the after hours session, up 3.29 percent.