Why Disney Stock Popped Thursday Morning
Disney(DIS) The Motley Fool·2024-11-15 01:30
The House of Mouse dusted off the magic.Shares of Walt Disney (DIS 7.08%) took flight Thursday morning, jumping as much as 11.8%. As of 11:59 a.m. ET, the stock was still up 6.7%.The catalyst that sent the media company higher was its quarterly financial results, which contained a few happy surprises for investors.Sprinkling some pixie dustFor its fiscal 2024 fourth quarter (ended Sep. 28), the company reported revenue that climbed 6% year over year to $22.6 billion. However, it was the bottom-line results ...