Disney earnings show revenue, profit increases

Disney's latest quarterly earnings report was released on Tuesday showing that overall revenue and profits are up.

The company saw a 9 percent increase in profit in the parks and resorts division.

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The credit goes to higher attendance, more hotel bookings at Disney World and higher guest spending, due to price hikes.

The studios also had a big quarter due to the strong performance of the new "Avengers: Age of Ultron" movie.

However, overall revenue was slightly lower than what Wall Street expected. As a result, Disney stock was down in after hours trading.


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