Disney shares hit all-time high on earnings

To infinity -- or at least, $45 -- and beyond!

Shares of Walt Disney Co. (DIS, Fortune 500) passed their all-time high after the company reported strong earnings growth Tuesday, driven by rising revenues at ESPN, and promised to capitalize on the runaway success of "The Avengers."

Shares were as high as $45.80 in morning trading on Wednesday, before slipping back to $45 even, up about 1.5%.

Despite stumbling with "John Carter," the sci-fi epic that lost the company $200 million, Disney reported earnings for the first three months of the year that surged 18% versus 2011.

Read Full Article from CNN

- Posted: 2012-05-09 13:28:17

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