Disney tops profit forecast

The Walt Disney Co. reported fiscal secondquarter profit of $2.39 billion ($1.50 per share) on Tuesday, up 11 percent over the same period last year.

The Burbank company topped expectations of Wall Street analysts, who had been looking for earnings of $1.45 per share.

The entertainment conglomerate posted revenue of $13.34 billion, which missed forecasts for $13.48 billion.

Disney shares have climbed 7.5 percent since the beginning of the year, while the S&P 500 index has risen 7 percent.