Why Is Disney (DIS) Stock Up 9% Today?

Disney (NYSE:DIS) stock is getting a boost on Thursday after the entertainment company released its earnings report for its fiscal first quarter of 2024.Disney reported adjusted earnings per share of $1.22 and revenue of $23.5 billion for the quarter. That revenue beat out Wall Street’s estimate of 99 cents per share while the company’s revenue was slightly below analysts’ estimate of $23.8 billion.To go along with this, Disney also updated its guidance for the full year of 2024. The company now expects adj ...