New York CNN —
Disney did something extraordinary Thursday, giving investors a rare three-year financial outlook, even at a time of economic uncertainty.
The company said that it has deep faith its investments in its massive park expansions, movie pipeline and even its linear television assets will pay off. Shares of Disney (DIS) are exploding higher – up 10% just after the market open Thursday.
Net income shot up 74% in the quarter to $460 million, or 25 cents a share, bring its full fiscal year earnings in just shy of $5 billion.
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