After-Hours: Disney Jumps On Earnings Beat

Shares of Dow component Walt Disney

, the owner of the ABC and ESPN networks, are trading higher by over 2.1% in Tuesday's after-hours session after the company reported a fiscal second-quarter profit of 58 cents a share on revenue of $9.63 billion., topping Wall Street estimates of 55 cents a share on revenue of $9.56 billion. In a statement issued by the company, CEO Bob Iger said he's pleased with the second-quarter results. "We're incredibly optimistic about our future, given the strength of our core brands, Disney, Pixar, Marvel, ESPN, and ABC, and our extraordinary ability to grow franchises across our businesses, such as The Avengers, which shattered domestic box office records with a $207.1 million opening weekend for a global performance of more than $702 million to date," Iger said in the statement. Revenue across all segments – media networks, theme parks, studio/entertainment, consumer products and interactive media – increased. Media networks revenue jumped 9% to $4.7 billion while operating income at the company's cable networks, including ESPN, rose $143 million to $1.5 billion. Cash provided by operations increased 16% to $3.5 billion for the current six month period compared to $3.1 billion in the prior-year six month period. The increase was due to higher segment operating results and the timing of receivable collections, partially offset by increased television production and programming spending and higher income tax payments, Disney said in the statement. In regular trading Tuesday, Disney shares rose 1.1% as the stock was one of just five Dow components to close higher on the day.