India, May 7 -- Media and entertainment major Walt Disney Co. (DIS) reported Wednesday a huge profit for the second quarter compared to a loss last year, reflecting sharply lower charges and strong performance at the Entertainment and Experiences businesses. Both adjusted earnings per share and quarterly revenues topped analysts' estimates.
On the NYSE, the company's shares are currently trading at $101.24, up $9.07 or 9.84 percent.
"Our outstanding performance this quarter-with adjusted EPS up 20% from the prior year driven by our Entertainment and Experiences businesses-underscores our continued success building for growth and executing across our strategic priorities," said CEO Robert Iger.
For the second quarter, Disney's net income ...