On Tuesday, Walt Disney reported an increase in the company's third quarter earnings. Disney's media networks, parks and resorts were expected to record a stronger performance that would aid in driving the corporation's revenue higher for the fourth quarter.

Disney said its profit increased to US$1.85 billion in contrast to last year's US$1.83 billion. Its revenue boosted by 4% to US$11.58 billion, although it missed estimates of US$11.64 billion. Disney's earnings per share remained at US$1.01. Its adjusted earnings for each share checked in at US$1.03, excluding US$60 million in the company's restructuring costs. The figure surpassed the Wall Street's projection by just two pennies.

The revenue of media networks division of the company grew by 5% to US$5.35 billion while its operating income climbed by 8% to US$2.3 billion. Disney's park and resorts' revenue improved the most with a 7% surge to US$3.68 billion. Its operating income increased by 9% to US$689 million.

The sales of the studio segment of Disney dropped by 2% while its profit tumbled by 36% due to 'The Lone Ranger's marketing costs. According to Box Office Mojo, the movie earned US$87 million locally in its first month of showing in spite of the movie flop.