Walt Disney Co. Stocks
gained 1.9% on Thursday after the company made gains in the fourth quarter that exceeded expectations. Last-quarter earnings increased to $ 2.32 billion, or $ 1.55 per share, compared to $ 1.75 billion, or $ 1.13 per share, in the year-ago quarter. Adjusted earnings per share were $ 1.48, outperforming the FactSet consensus of $ 1.34. Revenue was $ 14.3 billion, exceeding the $ 13.7 billion FactSet consensus. That's an increase of 12 percent compared to $ 12.8 billion a year ago. Revenue from the company's media networks increased to $ 5.96 billion, up 9% from $ 5.47 billion a year ago. Park and resort revenues were $ 5.07 billion, up 9% from $ 4.67 billion a year ago. Disney's studio entertainment segment generated $ 2.1
has gained 5% and the Dow Jones Industrial Average
DJIA, + 0.04%
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