VIDEO : Disney Profit Beats Estimate On Strength In Parks Business

On Tuesday, Walt Disney reported a quarterly profit that beat Wall Street forecasts, as theme park crowds made up for declines at broadcast and cable television. Share of Disney rose 1 percent after shares had fallen 2.6 percent this year, compared with 1.5 percent for the Dow Jones Industrial Average. Disney said that its theme parks division generated $1.3 billion in operating income for the quarter, that was helped by strong park attendance and cruise ship bookings over the Christmas and New Year?s holidays.