What?
Disney (NYSE:DIS) posted a stronger than expected set of FY’Q3 2021 results, with revenue rising 44.5% to $17 billion and adjusted EPS standing at $0.80, an increase from $0.08 a year ago.
Why?
Earnings were driven by a strong performance of the company’s direct-to-consumer business, which includes Disney+, and the re-opening of its theme parks business following the Covid lockdowns.
So What?
Disney stock rallied by almost 6% in after-hours trading on Thursday.
See Our Complete Analysis For Disney
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