Walt Disney earnings beat market estimates; profit slips at parks

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Walt Disney earnings beat market estimates; profit slips at parks - Channel News Asia

Quick Summary:

LOS ANGELES : Walt Disney reported on Wednesday quarterly earnings that exceeded Wall Street expectations, buoyed by the success of animated Pixar film "Inside Out 2", which helped overcome a profit decline at theme parks.

While demand slid at domestic parks, cruise ships, consumer products and some international parks "delivered improved results," Disney said.

While it remains to be seen whether those successes represent a return to form, Fishman said, the upcoming film slate is "filled with highly dependable" titles including "Moana 2" and Oscar-winning director Barry Jenkins' "Mufasa: The Lion King".