Walt Disney Co. (DIS) reported fourth quarter EPS of $0.46 after the close Thursday, compared to the $0.44 last year. The consensus estimate was for EPS of $0.41. Revenues increased 4% to $9.87 billion, from $9.45 billion in the prior year period.
Walt Disney gapped open higher Friday and climbed during the first hour of trade. Shares were range-bound for the remainder of the session and closed higher by 1.39 at $30.44, with volume at a 2 1/2 month high. The stock rose above a 2-month range and set a new high for the year.
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