Pixar Earnings Soar on ‘Toy Story 2’ Returns

Pixar Inc., riding the success of the computer animated film “Toy Story 2,” said its earnings soared in the first quarter to $26.4 million, or 53 cents a share, in the first quarter from $900,000, or 2 cents, a year ago, well above analyst expectations of 45 cents. Revenue climbed to $61 million from $3.4 million. Separately, Pixar said that former Walt Disney Studios Chairman Joe Roth joined its board. Pixar’s earnings tend to rise and fall rapidly based on the release schedule of its films. “Toy Story 2” has grossed $479 million worldwide so far. Pixar shares rose 63 cents to $38.38 on Nasdaq. The earnings were released after the close of regular trading. The shares rose to $40 on electronic networks.