Why Jim Cramer Still Believes in Disney Stock

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Disney reported earnings of 79 cents per share, a 32% increase year-over-year, on revenue of $15.61 billion. Analysts were expecting Disney to report earnings of 26 cents per share on revenue of $15.86 billion.

"We’re pleased to see more encouraging signs of recovery across our businesses, and we remain focused on ramping up our operations while also fueling long-term growth for the Company," said Disney CEO Bob Chapek. 

Disney is a holding in Jim Cramer's Action Alerts PLUS portfolio.

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