Why Walt Disney Stock Popped More Than 5% This Morning

Wrapping up its fiscal 2019, Walt Disney (NYSE: DIS) reported its Q4 earnings last night, and the stock is up 4% as of 10:35 a.m. EST in response -- after shooting up more than 5% in trading earlier today.  

Disney crushed earnings estimates, reporting pro forma profits of $1.07 per share versus Wall Street's expected $0.95, and even eking out a small win on sales, with $19.1 billion in revenue trumping expectations for $19.04 billion.  

Image source: Getty Images.

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Source Fool.com