The Walt Disney Company ( DIS ) reported mixed second-quarter results as revenues declined year-on-year while net income increased. The media and entertainment giant posted revenues of $15.6 billion, down 13% year-on-year versus analysts' expectations of $15.86 billion. Disney reported adjusted earnings of $0.79 per share, up 32% year-on-year, blowing past consensus estimates of $0.26 per share.