Disney's first quarter is powered by box-office hits 'Zootopia 2' and 'Avatar: Fire and Ash'

Disney’s first-quarter profit topped Wall Street’s expectations, powerd by box-office hits “Zootopia 2” and “Avatar: Fire and Ash.” The Walt Disney Co. earned $2.4 billion, or $1.34 per share, for the three months ended Dec. 27. It earned $2.64 billion, or $1.40 per share, a year ago. Removing one time charges and costs, earnings were $1.63 per share. That’s better than the $1.57 per share that analysts polled by Zacks Investment Research expected.