Investing.com - Walt Disney (NYSE:DIS) reported fiscal second-quarter earnings and revenue that beat analysts' expectations after the bell Wednesday. Results were helped by strength in its theme park business and a boost in direct-to-consumer revenue.
The company reported earnings per share of $1.61 on revenue of $14.92 billion. Analysts polled by Investing.com forecast EPS of $1.57 on revenue of $14.48 billion.
Theme park revenue rose 5% to $6.2 billion. Operating income in that segment increased 15% to $1.5 billion.
Direct-to-consumer and international revenue - a segment that includes streaming services like ESPN+ and Hulu - rose 15% from the year-ago period to $955 million, although it posted a wider loss.
Walt Disney shares initially gained more than 1% in after-hours trade following the report.
The stock has jumped sharply since the company released details in April of its streaming service Disney+, which launches later this year. Shares are up more than 17% in the last month.
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