A ‘Frozen’ Treat for Disney Earnings

A ‘Frozen’ Treat for Disney Earnings (CNBC)

Due to the success of its animated film “Frozen,” The Walt Disney Company (DIS) reported higher-than-expected profit for the March-ending quarter, at $1.11 earnings per share (EPS) instead of the predicted $0.96 EPS. The studio’s operating income tripled year over year, from $475 mililion to $118 million. Disney expects to further cash in on the popular film by increasing the presence of “Frozen” characters in theme parks and using them in its publishing and interactive gaming businesses.