Walt Disney posts earnings of $1.23 a share vs. $1.11 expected

Wall Street expected Walt Disney to deliver quarterly earnings per share of $1.11 on $12.25 billion in revenue, according to a consensus estimate from Thompson Reuters. Last week, Disney-owned network ESPN, sued cable company Verizon in New York State court for allegedly breaching the distribution contract Verizon has with ESPN. Verizon recently rolled out...