US Stock Market Move | Q4 performance exceeds expectations, Walt Disney Company (DIS.US) surges more than 8% before the market opens

On Thursday, Walt Disney Company (DIS.US) surged more than 8% in pre-market trading, reaching $111.55. On the news front, Walt Disney Company's fourth-quarter performance exceeded Wall Street expectations, mainly benefiting from the strong box office performance of the Marvel summer blockbuster "Deadpool and Wolverine," and holding an optimistic outlook for the future fiscal year. The financial report shows that Walt Disney Company's Q4 revenue increased to $22.6 billion, a 6% year-over-year growth, with net profit soaring to $460 million, a significant increase from the same period last year. Adjusted earnings per share were $1.14, higher than Wall Street's forecast of $1.10, and revenue slightly exceeded expectations. In addition, Walt Disney Company's free cash flow reached $4 billion, with operating profit increasing by 23% year-over-year, reaching nearly $3.7 billion.