Disney Beats Estimates; Big Quarter for TV and "Toy Story 3"

Disney’s first-quarter earnings beat analysts’ expectations, and shares rose 3 percent shortly after the closing bell on Tuesday. The company’s media networks division recorded a 37 percent increase in earnings on 11 percent higher revenue.

Disney posted 68 cents per share versus expectations for 56 cents; revenues came in at $10.72 billion, versus expectations for $10.52 billion.

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