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Benzinga

Business

Adam Eckert

Why Disney Shares Are Rising Today

Disney DIS NYSE Walt Disney Co

The Walt Disney Co (NYSE:DIS) is trading higher Thursday morning after the company announced better-than-expected fiscal first-quarter financial results.

Disney said quarterly revenue increased 24% year-over-year to $21.82 billion, which beat the estimate of $18.63 billion. The company reported quarterly adjusted earnings of $1.06 per share, which beat the 61 cent estimate.

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