Disney 3rd quarter profits surge

LOS ANGELES - The family entertainment company said Wednesday that its net profit grew to $1.28 billion in the quarter ending in June, up from $1.18 billion a year ago.

Revenue grew 2 percent to $9.24 billion.

Earnings per share from continuing operations were 66 cents, up from 58 cents a year ago.

The results beat analysts expectations. They forecast 1 percent revenue growth to $9.14 billion and a 5 percent increase in earnings per share to 61 cents, according to a survey by Thomson Financial.