Disney Surges Despite Missing Revenue Targets on Strong Theme Park Performance

The Walt Disney Company reported its fiscal Q3 earnings on Wednesday, with films like Toy Story and streaming driving its results.

Despite missing Wall Street expectations for revenue, Disney beat them in operating income and earnings per share, thanks to strong theme park performance.

The company's experiences division saw revenues of $10 billion, up 10 percent from a year ago, with operating income of $3 billion, up 20 percent.

CFO Hugh Johnston attributed the success to domestic attendance and annual passholders at its parks, which made up for international visitor declines.