Walt Disney Co.'s rapidly growing streaming video business and a partial recovery at its theme parks gave investors fresh hope on Thursday that the entertainment company had made it through the worst of the coronavirus pandemic.
After Disney reported quarterly earnings, its shares jumped 5.6% to $143.12 in after-hours trading.
Overall revenue fell 23% to $14.71 billion in the quarter, above analysts' average estimate of about $14.2 billion.
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