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Disney profits top estimates on strength in theme park business
['Algoafm South Africa']
AlgoaFM News
Disney reported better-than-expected profits Wednesday, citing a strong performance in its theme park business amid lingering worries about macroeconomic weakness.
Disney pointed to growth across its "Experiences" business, saying Walt Disney World had a "standout quarter" and that forward booking at the US theme park in Florida "remain robust."
However Disney cited upside in theme park attendance and retail products built around the franchises.
Disney said in a statement it will make available Marvel, Star Wars and other content comprising "memorable scenes and moments from Disney movies and shows."
Shares of Disney rose 3.8 percent in pre-market trading.