Shares of Walt Disney up Nearly Three Percent After Reporting Earnings

The Walt Disney Company

reported its fourth quarter earnings on Wednesday. Shares of the media giant are currently trading up three percent. The media giant said on Wednesday afternoon that profit soared 33 percent, driven by across-the-board strength. For the quarter that ended on Dec. 28, the first in the company's fiscal year, Disney reported net income of $1.84 billion, or $1.03 a share, up from $1.38 billion, or 77 cents a share, in the same quarter a year earlier. The company's revenue climbed nine percent, to $12.3 billion. Analysts had been expecting .92 cents a share and revenue of $12.24 billion. Within the company's divisions Walt Disney Studios performed best as income jumped 75 percent, to $409 million. Disney shares rose more than $1 in after-hours trading, to about $72.85. Disney shares have risen about 30 percent over the last year.