Disney Profit Lights Up

Updated from 4:48 p.m. EDT

Walt Disney (DIS Quote) reported a 27% jump in second-quarter profits, beating estimates on Wall Street, as the media giant saw double-digit growth in operating earnings across of all its business units.

Still, the company's revenue fell slightly short of expectations, sending shares lower in after-hours trading.

For the quarter ended March 31, Disney earned $931 million, or 44 cents a share, up from the $733 million, or 37 cents a share, a year earlier. Analysts had an average estimate for expected earnings of 38 cents a share, according to Thomson Financial. ...