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Disney Tops Estimates as ‘Frozen’ Gifts Star for Holidays

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Walt Disney Co. posted first-quarter sales and earnings that beat analysts’ estimates as parents snapped up “Frozen” gifts for their kids over the holidays and profit rose at the ABC network.

The world’s largest entertainment company reported net income rose 19 percent to $2.18 billion, or $1.27 a share. That beat the $1.07 a share average of analysts’ estimates compiled by Bloomberg.