"Star Wars" adds force to Walt Disney earnings

Walt Disney (DIS) posted a 13.8 percent rise in quarterly revenue, bolstered by the release of "Star Wars: The Force Awakens."

Revenue climbed to $15.24 billion in the three-month period ending Jan. 2 from $13.39 billion for the year-ago period, the media conglomerate said.

Quarterly net income increased to a record $2.88 billion, or $1.73 a share, from $2.18 billion, or $1.27 a share, a year earlier.

Earnings at the ESPN sports network fell as programming costs increased.

Disney shares dropped $4.07, or 4.4 percent, to $88.25 in after-hours trade.