EARNINGS BEAT: The Walt Disney Co. said a slimmer movie slate and upbeat parks results helped it boost net income 12 percent in the December quarter. Its earnings per share of 80 cents topped the 71 cents expected by analysts.
REVENUE MISS: Revenue ticked up 1 percent to $10.78 billion, short of the $11.20 billion expected. ESPN ad revenue was up 8 percent if excluding the delayed start to the NBA season and the switch of the Rose Bowl and Fiesta Bowl college football games to the January-March quarter.
INVESTMENT YEAR: This year Disney expects to spend several hundred million more on investments, including its Disney Fantasy cruise ship, which launches next month.
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