November 8, 2018 / 9:11 PM / 4 days ago

Disney beats profit, revenue estimates as consumers flock to parks, movies

Nov 8 (Reuters) - Walt Disney Co reported fourth-quarter profit and revenue that beat analysts' estimates, driven by the success of its Marvel sequel "Ant Man and the Wasp" and as more visitors flocked to its theme parks during the summer season.

Net income attributable to Disney rose to $2.32 billion, or $1.55 per share, in the fourth quarter ended Sept. 29 from $1.75 billion, or $1.13 per share, a year earlier.

Excluding certain items, Disney earned $1.48 per share, above analysts' expectations of $1.34 per share, according to IBES data from Refinitiv.

The company, which is buying the bulk of Twenty-First Century Fox Inc's TV and film units, said total revenue rose to $14.31 billion from $12.78 billion, above analysts' estimates of $13.73 billion. (Reporting by Vibhuti Sharma in Bengaluru; Editing by Anil D'Silva)

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