Disney: shares jump after solid quarterly results
(CercleFinance.com) - Walt Disney shares are up 2.
5% on Friday after the company delivered record revenue, net income and earnings per share in fiscal year 2017/2018.
Shares of the entertainment and media giant climbed to 119.3 dollars in early trading, reaching a new all-time high, and giving the group a market cap of over 177 billion dollars.
The stockmarket's reaction comes a day after Disney announced fourth-quarter net income that was up up 33% at 2.3 billion dollars, on revenue that grew by 12% to 14,3 billion dollars, partly due to the exceptional theatrical performance of "Black Panther," "Star Wars: The Last Jedi," "Avengers: Infinity War" and "Incredibles 2."
Looking ahead, Disney said it remains focused on completing the acquisition of rival 21st Century Fox and the highly anticipated launch of its Disney-branded streaming service, which is due late next year.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
5% on Friday after the company delivered record revenue, net income and earnings per share in fiscal year 2017/2018.
Shares of the entertainment and media giant climbed to 119.3 dollars in early trading, reaching a new all-time high, and giving the group a market cap of over 177 billion dollars.
The stockmarket's reaction comes a day after Disney announced fourth-quarter net income that was up up 33% at 2.3 billion dollars, on revenue that grew by 12% to 14,3 billion dollars, partly due to the exceptional theatrical performance of "Black Panther," "Star Wars: The Last Jedi," "Avengers: Infinity War" and "Incredibles 2."
Looking ahead, Disney said it remains focused on completing the acquisition of rival 21st Century Fox and the highly anticipated launch of its Disney-branded streaming service, which is due late next year.
Copyright (c) 2018 CercleFinance.com. All rights reserved.