Disney profit and revenue beat Street, shares rise

Nov 12th, 2009 - Reuters

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Disney profit and revenue beat Street, shares rise

LOS ANGELES (Reuters) - Walt Disney Co posted a larger-than-expected rise in both quarterly profit and revenue, as strong results from its cable business helped it overcome a disappointing stretch for its film studio.

Shares of Disney -- which earlier announced that its finance chief, Tom Staggs, and the head of its parks division, Jay Rasulo, will soon swap jobs -- rose 3.3 percent after the company reported its earnings.

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