Disney’s fourth-quarter adjusted profit beat Wall Street’s expectations, bolstered by strong results from company’s entertainment business and its streaming service.

Disney’s streaming business and studio gained momentum in the September quarter, while its cable and theme park profit engines lost steam, underscoring the diverse set of challenges the entertainment giant faces as it positions itself for the future.

Disney's fourth-quarter adjusted profit beat Wall Street's expectations, bolstered by strong results from its streaming service and box office success with “Inside Out 2” and “Deadpool & Wolverine.” Disney earned $460 million,

Disney’s stock is on the rise, thanks to impressive box office hits, increased streaming revenue, and record-breaking performance in its parks and experiences division. Here’s a look at how Disney achieved one of its strongest quarters yet.

Investing.com - Walt Disney (NYSE:DIS) has reported better-than-anticipated income and revenue in the fourth quarter, boosting shares in the media giant in premarket trading on Thursday. The company was bolstered in particular by strength at