LOS ANGELES, Feb 7 (Reuters) - The Walt Disney Co. said on Wednesday that first quarter net earnings more than doubled from a year ago, helped by the one-time sales of assets.
Disney, maker of the animated films "Pirates of the Caribbean: Dead Man's Chest" and "Cars", said net income rose to $1.7 billion, or 79 cents per share, from $734 million, or 37 cents per share in last year's first quarter.
Analysts on average expected net earnings of 75 cents per share and revenue of $9.5 billion, according to Reuters Estimates.
Wall Street forecast earnings of 39 cents per share, excluding Disney's $1.23 billion sale of its stake in E! Networks and stock based compensation, according to Reuters Estimates.