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The shares of Disney win after-hours trading after profit losses



Walt Disney Co. Stocks

DIS, -0.90%

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

5 billion in revenue, up 50 percent from $ 1.43 billion last year, thanks to strong Black Panther cashes. " Star Wars: The Last Jedi "," Avengers: Infinity War "and" Incredibles "2." Consumer and interactive media revenue decreased 8% to $ 1.12 billion from $ 1.22 billion in the same quarter last year Disney shares have so far gained 7.9% this year, the S & P 500

SPX, -0.25%

has gained 5% and the Dow Jones Industrial Average

DJIA, + 0.04%

gained 5.9%.

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