News summary: Disney 2Q results beat Street

News summary: Disney 2nd-quarter results top analyst forecasts

Associated Press

PARK HOPPER: Disney's second-quarter net income rose 32 percent to $1.51 billion, as parks and resorts investments paid off. Adjusted earnings of 79 cents per share topped the 77 cents expected by analysts.

STUDIO REBOUND: Disney's movie studio reversed losses caused last year's "John Carter." Next quarter should benefit from "Iron Man 3," which trailed only "The Avengers" for the best U.S. opening weekend of all time.

CASH PILE-UP: With parks investments abating, investors are looking for Disney to boost dividends and share buybacks. "It'll be a good problem for us to have," CEO Bob Iger said.

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