Disney Tops Forecasts Thanks to Resorts; Oil Clears $60 a Barrel

Disney (DIS) shares jumped after the world's largest entertainment company reported a 10% increase in quarterly profits. The better-than-expected results stemmed from a 24% increase in operating income at Walt Disney Parks. Sprint (S) was slightly higher despite missing earnings estimates in its recent quarter. The telecom company said it had added 1.2 million net new customers over the quarter, its biggest increase in almost three years. Oil topped $60 a barrel for the first time since last December. A surge in commodity prices came after protesters shut down a Libyan port, temporarily halting exports.