Yes, this is really the story. If you add in the $250 million you beat the revenue. And if all of this was income, then you could have added in an extra dime (at least) of income - that would give them about $1.15 in profits - an oustanding amount.
I think they decided to stretch out this $250 m because it was more logical and made a better presentation (something they should have done in the first place), they had a superior quarter (which made it easier at this time to do), and because they won't be having as good as quarters in the near future - let's face it, the Avengers was a real nice surprise.
This is a good stock. It will always do well. The only scenerio for it not to do well is for the world to turn upside down, and then there will be more problems than just what is happening in the market.
your take is spot on. barring a major hiccup in europe, no reason why dis cant continue. up 80% since Iger took over, maybe only problem will be when he steps down in 2015. poking holes in this quarter's earnings is short sighted at best.