Disney 3Q net income nearly flat, revenue climbs

Published on NewsOK Modified: August 6, 2013 at 5:12 pm •  Published: August 6, 2013
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Nonetheless, CEO Bob Iger said that Disney's acquisition of Marvel "continues to drive real value" for the company. Marvel is behind both "Iron Man" and "The Avengers," along with upcoming movies such as "Thor: The Dark World."

Disney said the Pixar movie "Monsters University" was outperforming "Brave" in the year-ago period. In a conference call with analysts, Iger said "Monsters" was "the latest in Pixar's unbroken string of hits."

On the other hand, Disney said it expects to incur a loss of $160 million to $190 million on "The Lone Ranger" in the current, fiscal fourth quarter.

Shares of the Burbank, Calif.-based company fell $1.05, or nearly 1.6 percent, to $66 in after-hours trading, after the release of results. The stock had closed up $1.03 at $67.05.

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