Hit movies and a recovering ad market boosted Walt Disney Co
Disney's revamped film division rode the box office success of Toy Story 3, Iron Man 2 and Alice in Wonderland, cost cuts and an easy comparison to year-ago results. Revenues at its media networks division, home to cable network ESPN and broadcaster ABC, rose 19 percent to $4.7 billion.
The studio entertainment division swung decisively into the black, chalking up a $123 million operating income versus a loss a year ago.
Overall, Disney reported that fiscal third-quarter net income rose to $1.3 billion, or 67 cents per share, from $954 million, or 51 cents a share, in the year-ago quarter.
That compared with the average forecast for 58 cents, according to Thomson Reuters I/B/E/S.
In after-hours trading Disney shares rose to $35.80 a share after closing at $35.29 a share.
(Reporting by Sue Zeidler; editing by Carol Bishopric)