Disney reported quarterly results that blew past Wall Street’s expectations after Tuesday’s close. In addition to reporting diluted earnings per share that rose 23% to $1.27, topping analysts’ expectations for profit of $1.07 a share, the company beat estimates across nearly every division. Tuna Amobi, senior equity analyst at S&P Capital IQ, says it’s difficult to find anything not to like about these results. The company continues to ride the success of ‘Frozen’ and Amobi explains its studio entertainment business has a very solid, robust pipeline of films on the way. He says the company is setting itself up well for solid free cash flow into the foreseeable future.
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