The Walt Disney Co.
Net income in the latest quarter rose 11 percent as growth at ESPN, its theme parks and its consumer- products businesses outweighed lackluster performance at its movie studio and interactive unit. Results beat Wall Street expectations.
Net income in the fiscal third quarter, which ended July 2, grew to $1.48 billion, 77 cents per share. That’s up from $1.33 billion, 67 cents per share, a year ago. Revenue grew 7 percent to $10.7 billion.
AOL
Its net loss narrowed in the second quarter even though revenue fell, largely because the results a year ago were weighed down by a huge accounting charge.
AOL’s advertising revenue grew for the first time since 2008.
For the second quarter, AOL posted a net loss of $11.8 million, or 11 cents per share. A year ago, it lost $1.06 billion, or $9.89 per share. Revenue fell 8 percent to $542 million.
