Walt Disney Company stock is rising after the company issued a positive earnings report and announced more new Disney+ subscribers than Wall Street expected.Shares of Disney were up nearly 8 percent in after-hours trading on Wednesday, after the company said that it added 11.8 million streaming subscribers in the quarter ended January 1, versus the 8.5 million expected. Disney said that it now has 129.8 million Disney+ subscribers, smashing expectations and surprising analysts after issued a dismal report on subscriber growth last month.
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