Why Disney Shares Popped This Week

Walt Disney (NYSE: DIS) reported its fiscal third-quarter earnings this week, and investors were pleasantly surprised by several items of note. The result has been a jump in the stock, moving shares up about 13% for the week as of midday Friday, according to data provided by S&P Global Market Intelligence. That has brought gains in Disney over the last month to nearly 30%.

Many Disney watchers have been focused on what the company would say about its Disney+ streaming service. Those subscriptions grew more than expected, but that wasn't all that pushed investors into buying the stock. The company's theme park segment saw revenue soar 70% year over year in its third quarter. Overall revenue grew 26% year over year in the quarter and 28% over the last nine months.

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Source Fool.com