NEW YORK (AP) — Walt Disney Co. on Thursday reported fiscal fourth-quarter net income that beat Wall Street's expectations thanks to strong theater revenue from films like "The Lion King" and "Toy Story 4," along with higher parks revenue.

The results came as Disney readies for the debut Tuesday of its Disney Plus streaming service.

Disney's net income for the three months ended Sept. 28 fell to $1.05 billion, or 58 cents per share, from $2.32 billion, or $1.55 per share last year.

Adjusted for one-time items, its net income totaled $1.07 per share. Analysts had expected net income of 94 cents...