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Why Disney Stock Climbed Today

TheMotleyFool

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Shares of Walt Disney (NYSE: DIS) rose 3.4% on Thursday after the entertainment colossus delivered surprisingly strong results in its theme park and streaming businesses.

Disney's revenue surged 34% year over year to $21.8 billion in its fiscal 2022 first quarter, which ended on Jan. 1. Adjusted earnings per share, in turn, soared 231% to $1.06. Both figures came in above Wall Street's estimates, which had called for revenue and adjusted per-share profits of $20.9 billion and $0.63, respectively.

Image source: Getty Images.

Source Fool.com

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