Walt Disney Co. stock on Tuesday soared 7% -- the largest one-day price increase since Comcast made a bid for the company in 2004.
The dramatic rise came on the heels of an upbeat earnings report Monday.
Stock closed at $26.70 Tuesday, up $1.74 from Monday. Shares traded as high as $26.88 during the day.
Analysts were most impressed by the surge in profit at Disney's theme parks -- up 51% for the fourth quarter to $375 million on $2.4 billion in sales. The media division, led by ABC, where profits rose 87% in the final quarter, also contributed to investor happiness.
On Feb. 11, 2004, Disney stock rocketed up 15% after Comcast announced an ultimately unsuccessful bid for the nation's No. 2 media company.
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