Disney Sees Record Profits With ‘Frozen' Success and Franchises to Come

Disney reported after Tuesday's bell with the best EPS the company has ever seen. Earnings at $1.28 beat estimates and were 27% higher than earnings from the same quarter in the prior year. Revenues at $12.5 billion also beat estimates and were almost a $1 billion higher than last year's revenues in the same quarter. Breaking down by division, the studio entertainment segment saw over 100% increase in profits due to cost saving and better pricing in certain areas of business coupled with the amazing success of ‘Frozen’. CEO Bob Iger was also excited for the ‘Guardians of the Galaxy’ franchise which he says reinforces Marvel's value for Disney. Whalen MacHale reports for TheStreet from New York.