Walt Disney Co. posted a 40 percent jump in profit during the latest quarter, beating the Street’s expectations, thanks to hit movies like “Toy Story 3” and a big gain at ESPN.
Fiscal third-quarter net income soared to $1.33 billion, or 67 cents a share, from $954 million, or 51 cents, in the year-earlier period. Revenue gained 16 percent to $10 billion.
Strong box-office performances from “Alice in Wonderland,” in addition to “Toy Story 3,” returned the company’s film segment to a profit after suffering a loss in the prior period.
The media networks division, which includes ABC and ESPN, saw operating income surge 43 percent on a 19 percent revenue gain.
ABC has been the most aggressive network in getting its content onto Apple’s iPad and was the first company to make shows available on iTunes.
In a call with analysts, Disney Chief Executive Bob Iger said his “gut” tells him that making TV shows available on the iPad doesn’t cannibalize the company’s existing cable and broadcast models.


