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  • Walt Disney Co. on Tuesday reported better-than-expected results in the past quarter, sparking a rally in after-hours trade, as the media-entertainment powerhouse said its new Disney+ streaming service was getting a strong response from consumers. Profits in the three months to December 28 dipped 24 percent from a year ago to $2.1 billion while revenues surged 36 percent to $21 billion. Shares in Disney traded up nearly two percent on the results. "We had a strong first quarter, highlighted by the launch of Disney+, which has exceeded even our greatest expectations," said chairman and chief executive Robert Iger. bur-rl/ec
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  • Walt Disney Co. earnings beat estimates, shares jump
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