The entertainment company reported a 27% increase in adjusted earnings for the third quarter to $2.24 billion, or $1.28 per share, up from $1.01 per share in the same quarter of 2013, and beating analysts' estimates of $1.17 per share.
Revenue increased 7.6% year-over-year to $12.46 billion for the quarter, higher than the $12.16 billion analysts' expected.
At Disney-owned sports network ESPN, the company said higher revenue reflected the benefit of the FIFA World Cup soccer tournament.
The growth in consumer product sales tied to its movie "Frozen" boosted Disney's results, helping the company's income in its worldwide home entertainment segment.
"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 solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins."