Disney exceeded expectations in the first quarter, largely driven by the success of 'Moana 2.' Originally planned as a series for the streaming service, the animated film surpassed predictions with a record-breaking five-day opening during Thanksgiving.
The Walt Disney Co. reported earnings of $2.55 billion, or $1.40 per share, for the period ending Dec. 28, up from $1.91 billion, or $1.04 per share, in the same period last year. Adjusted earnings of $1.76 per share outperformed Wall Street estimates by 32 cents.
