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Disney shares jump after results top expectations

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Newly-insetalled Disney CEO Josh D'Amaro, shown here with Anne Hathaway and Stanley Tucci at the world premiere of The Devil Wears Prada 2 in New York, described consumer demand as solid but said the company is aware of concerns about geopolitics

Newly-insetalled Disney CEO Josh D'Amaro, shown here with Anne Hathaway and Stanley Tucci at the world premiere of The Devil Wears Prada 2 in New York, described consumer demand as solid but said the company is aware of concerns about geopolitics

Disney shares jumped in pre-market trading Wednesday as the entertainment giant reported better than expected revenues and profits, thanks in part to growth in its streaming business.

Newly installed CEO Josh D'Amaro described demand at the company's US amusement parks as "healthy," but said the company is "mindful of the macroeconomic uncertainty consumers are facing today," according to a letter to shareholders also signed by Chief Financial Officer Hugh Johnston.

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Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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