ESPN Troubles Cloud Disney Earnings; Apple Surpasses $800 Billion Mark
Disney reported better-than-expected quarterly earnings but questions about ESPN's health eclipsed results. Apple is the first U.S. company to surpass the $800 billion mark in market capitalization.
The Walt Disney Company reported better-than-expected quarterly earnings on Tuesday.
Theme park profits, which climbed 20 percent, and movie incomes, which soared 21 percent, helped the company beat analysts' estimates for the January through March quarter.
Adding to the company's success. The remake of the 1991 movie has earned enough to become the highest-grossing PG-rated movie of all time in the U.S.
