Disney Profit Tops Estimates on Theme Parks, ‘Frozen’ Toys

Walt Disney Co. reported second-quarter profit that beat analysts’ estimates, led by growth at its theme parks and continued sales of “Frozen” toys in a period that lacked a major movie blockbuster.

Earnings at the world’s largest entertainment company totaled $1.23 a share excluding some items, according to a statement Tuesday. That compares with the $1.10-a-share average of analysts’ estimates compiled by Bloomberg. Sales rose 7 percent to $12.5 billion, above the $12.3 billion projection.