The global success of "Star Wars: The Force Awakens" helped The Walt Disney Co. earn its highest quarterly earnings in its history.
The entertainment giant reported Tuesday fiscal first-quarter net income of $2.88 billion.
On a per-share basis, the Burbank, California-based company said it had net income of $1.73. Earnings, adjusted for non-recurring gains, were $1.63 per share.
The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.44 per share.
The entertainment company posted revenue of $15.24 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $14.93 billion.
Disney shares have decreased 12 percent since the beginning of the year, while the Standard & Poor's 500 index has dropped slightly more than 9 percent. In the final minutes of trading on Tuesday, shares hit $92.32, a decline of 9 percent in the last 12 months.
The Associated Press contributed to this report