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Disney Q4 bolstered by strong results from streaming, ‘Inside Out 2’ and ‘Deadpool & Wolverine’ WSOC TV [Video]

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Global Marketing Strategies

Disney’s fourth-quarter adjusted profit beat Wall Street’s expectations, bolstered by strong results from its streaming service and box office success with “Inside Out 2” and “Deadpool & Wolverine.”

Disney earned $460 million, or 25 cents per share, for the period ended Sept. 28. A year earlier the Burbank, California-based company earned $264 million, or 14 cents per share.

Removing certain items, earnings were $1.14 per share. This topped the $1.09 per share that analysts surveyed by Zacks Investment Research were looking for.

Shares jumped more than 9% before the market open on Thursday.

Revenue climbed 6% to $22.57 billion, but fell a bit short of Wall Street’s estimate of $22.59 billion.

Operating income for the entertainment segment, which includes its movie studio and parts of its television wing, more than quadrupled to $1.07 billion.

This was helped in part by a strong performance from its content/sales, licensing and other segment, …

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