NEW YORK (TheStreet) -- Shares of The Walt Disney Company (DIS) are up 0.90% to $81.76 in after-hours trading on Tuesday after the company reported an increase in net income and revenue for the 2014 second quarter.
Disney said net income increased to $1.9 billion, up from $1.5 billion for the 2013 second quarter.
The company announced diluted earnings per share were up 30% to $1.08 from 83 cents for the year ago quarter.
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Disney reported EPS, excluding certain items affecting comparability, for the quarter was $1.11 from 79 cents reported for the same quarter the previous year.
Revenue for the most recent quarter was $11.6 billion, compared to $10.5 billion from the same period last year.
TheStreet Ratings team rates DISNEY (WALT) CO as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate DISNEY (WALT) CO (DIS) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins."