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Frozen Leads Disney To Strong Earnings

Disney, led by CEO Bob Iger, reported a nearly 30% gain in fiscal second quarter earnings to $1.9 billion on a 10% jump in revenue to $11.65 billion, both well ahead of analysts estimates. The gains were owed to the strong performance of its film studio unit, where revenue swelled 35% to $1.8 billion, and the box office success of animated movie Frozen, in particular.

Posted on May 6, 2014, at 6:09 p.m. ET

Jim Urquhart / Reuters / Reuters