Walt Disney Co. (NYSE: DIS) beat earnings and revenue expectations Tuesday, riding strong numbers in its ESPN and theme park properties.
Disney posted profits of 78 cents per share, beating expectations of 73 cents per share, according to FactSet. The company's quarterly profits of $1.48 billion bested last year's quarter profits of $1.33 billion.
The company saw its boost through additional ad revenue with sports entertainment giant ESPN and with increased revenue at its theme park properties, including Walt Disney World in Florida and Disneyland in California. ESPN saw its profits rise 10 percent, while theme park income revenue went up 8.8 percent.
The theme parks gained, in part, due to increased ticket prices.
It wasn't all positive news for Disney, though. Its film and television production studio saw earnings drop 60 percent, as few Disney-backed movies were able to find worldwide financial success.
The company's stock price initially went up during regular trading, but saw it drop during post-market trading after the company announced its earnings report. The share traded down close to 2 percent an hour after the market closed.