Walt Disney stock jumps 12% to hit 10-month high on strong Q4 results from streaming gains of ‘Inside Out 2’, ‘Deadpool’
Thursday, November 14, propelled by blockbuster ticket sales from the rude and irreverent summer Marvel film Deadpool & Wolverine. The media giant also provided an upbeat forecast for the coming year.
The company projected adjusted earnings-per-share percentage growth in the high single digits in fiscal 2025, even with roughly $8 billion capital expenditures. It also said it expects to buy back $3 billion worth of stock. Disney’s stock jumped 10.2 per cent to $113.17, its highest share price in six months. Later, shares gained as much as 12 per cent in New York, the most since February.