Walt Disney Co. delivered fourth-quarter sales and earnings that beat analysts' projections, fueled by the entertainment behemoth's movies and theme parks.
Films such as "Ant-Man and the Wasp" and "Incredibles 2" more than doubled movie profit for the Burbank, California-based company. The company's theme parks, meanwhile, benefited from the busy summer travel season, attracting more free-spending guests.
Those businesses are helping Disney continue to grow as CEO Bob Iger tries to steer his largest division, television, toward a new future built around streaming. The company is creating new online video services and buying much of 21st Century Fox for $71 billion to bulk up its web-based programming in a looming faceoff with Netflix.