With expectations high, the Walt Disney Co. (DIS) didn't disappoint, as the share price rose to a five-year high in antipation of its fourth-quarter earnings report.
The company reported on Thursday that its quarterly profits more than doubled, with results being bolstered by its movie division, theme parks and media networks.
Analyst Jeff Logsdon of BMO Capital Markets said: "The big winner in 
the quarter was studio entertainment, they had a phenomenal summer at the box office globally with 'Pirates', and 'Cars' domestically."
Credit Suisse, communicating to its clients said: "The Disney portfolio is one of the most balanced and best positioned for growth in the entire media sector."
The net income reported for the company was $782 million, or 36 cents a share for the quarter ending Sept. 30, in contrast to last year's $379 million, or 19 cents a share.
Total revenue increased to $8.78.4 billion, up from $7.734 billion last year.
I like what CEO Rober Iger has been doing with the company. He has aggressively made moves like buying Pixar Animation Studios, making cuts in personnel where he had to and quickly entering the Internet space and focusing on building movie franchises that will impact the company across all its properties.
He's done something for me that hasn't been part of my thinking in years: I'm starting to like Disney again. Hopefully he'll continue doing the things needed to make it a great company.
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