Disney Stock Jumps on Earnings Beat, $1.5B Investment in Fortnite Maker Epic Games

Key TakeawaysDisney shares surged after the entertainment giant reported better-than-expected results for its fiscal first quarter of 2024.Disney also said it's investing $1.5 billion in Fortnite maker Epic Games, in Disney's biggest push into video games yet.Disney and Epic Games will work together to create a gaming "universe" that is interconnected to the popular online game.Disney (DIS) shares surged over 6% in after-hours trading Wednesday after the entertainment giant reported better-than-expected res ...