Walt Disney Co DIS shares are trading higher by 1.8% to $91.06 Monday afternoon. The stock is gaining amid overall market strength following softer-than-expected October CPI figures.
Disney shares are also rising following the company's recent announcement of stronger-than-anticipated fourth-quarter adjusted EPS.
See Also: Disney CEO Bob Iger Reveals 4 Building Blocks For Reviving Mouse House
What Happened With Earnings?
Disney's fourth-quarter revenue hit $21.24 billion, a 5% increase from last year but slightly lower than the expected $21.33 billion. However, earnings per share exceeded expectations, reaching 82 cents compared to the anticipated 70 cents.
Revenue growth was seen in Entertainment (up 2% YoY) and Experiences (up 13% YoY), while Sports remained unchanged.
Disney CEO Bob Iger noted that the results for the quarter showcased substantial progress made over the past year....Read More
See Also: Morgan Stanley Says Walt Disney Is Rebuilding Profitability And Not Sitting Still
According to data from Benzinga Pro, Disney has a 52-week high of $118.18 and a 52-week low of $78.73.
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