Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Disney Stock Surged Today

TheMotleyFool

0 0

Shares of Walt Disney (NYSE: DIS) soared on Wednesday, following the release of the entertainment conglomerate's third-quarter results. As of noon EDT, Disney's stock was up more than 10%.

Disney suffered heavy losses in its parks and studio segments, as COVID-19 forced the closure of its theme parks and resorts, as well as many movie theaters in the U.S. and international markets. All told, Disney's revenue plunged 42% to $11.8 billion, while its adjusted earnings per share plummeted 94%, to $0.08.

Disney's stock rose sharply on Wednesday. Image source: Getty Images.

Source Fool.com

Like: 0

DIS

Share