Disney Q2 profit misses estimates on 'Mars,' quake

LOS ANGELES: The Walt Disney Co. says its second-quarter net income slipped 1 percent to miss analyst expectations as its amusement parks were hurt by the Japan earthquake and tsunami and the shift in the Easter holiday. Studio profit also was hit by the poor box office performance of ``Mars Needs Moms.''

Net income for the three months ended April 2 fell to $942 milllion, or 49 cents per share, from $953 million, or 48 cents per share, a year earlier. Revenue grew 6 percent to $9.08 billion from $8.58 billion a year earlier.

Analysts polled by FactSet were looking for earnings of 57 cents per share on $9.12 billion in revenue.

Shares of the Burbank, California-based company fell $1.20, or 2.5 percent, to $42.72 in after-hours trading.