Disney (DIS) Stock Gaining in Pre-Market Trading on Earnings Beat

NEW YORK (TheStreet) --The "House of Mouse" is going strong as shares of the Walt Disney Company (DIS) are higher by 2.36% to $113.65 in pre-market trading on Tuesday morning, after the media and family entertainment company posted better than expected earnings results for the fiscal 2015 second quarter.

The company behind the Disney World theme park in Orlando, FL., and the films "Frozen," "Avengers," and the upcoming "Star Wars" sequels said its earnings grew by 11% to $1.23 per diluted share for the most recent quarter.

Analysts polled by Thomson Reuters had forecast for earnings of $1.11 per share.

Disney said its revenue increased by 7% to $12.46 billion versus the $12.25 billion analysts were looking for.

Additionally, Disney said its parks and resorts revenue for the quarter was higher by 6% to $3.8 billion.

"Our second quarter performance, marked by increased revenue, net income and EPS of $1.23, demonstrates the incredible ability of our strong brands and quality content to drive results. The power of this winning combination is once again reflected in the phenomenal worldwide success of Marvel's "Avengers: Age of Ultron," which has opened at number one in every market so far," Disney CEO Robert Iger said in a statement.

TheStreet's Jim Cramer, portfolio manager of the Action Alerts PLUS Charitable Trust had this to say: "Iger unfailingly delivers pretty much no matter what. Do not leave this stock as there is so much ahead including 'Star Wars' and a China theme park."

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