Record quarterly earnings for Disney

<p>Disney’s earnings for the last quarter were a record for the company.</p>

Disney stocks are higher today (February 6th) after the company announced record earnings in its latest financial results.

The company's share price rose by one per cent in after-hours trading in the US on the back of the news, revealed net income rose 33 per cent to $1.84 billion (£1.12 billion) from a year earlier.

Chief executive Robert Iger described the company's performance in the quarter as "incredibly strong" quarter and pointed out that the firm was able to record double-digit increases in operating income in all of its business segments.

"These results reflect the strength of our unprecedented portfolio of brands, a constant focus on creativity and innovation, and the continued success of our long-term strategy," Mr Iger added.

Disney saw phenomenal levels of success with the release of its latest children's movie Frozen towards the end of 2013. The firm was a critical and commercial smash hit on its release.

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