The company recorded adjusted earnings per share of $1.57, up from the $1.45 it reported in the same quarter last year. That came in ahead analysts’ expectations for $1.49 per share. Revenue for the quarter came in at $25.

Josh D’Amaro’s letter to investors was full of grand ideas to boost the company’s battered shares, but a little light on detail.

New Disney CEO Josh D'Amaro initiated layoffs amid a significant decline in the company's global brand reputation and valuation. He must restore the Disney magic.

Disney stock jumped 4.9% to $105.32 ahead of the opening bell. Futures tracking the S&P 500 were 1% higher. The gains came after Disney reported adjusted earnings of $1.57 a share for its fiscal second quarter,

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Disney stock was rising after earnings and a letter from CEO Josh D’Amaro detailing his plan to boost the company’s battered shares.

Disney reported its fiscal second-quarter earnings early Wednesday morning, beating Wall Street expectations, with D'Amaro laying out his thoughts on AI, original IP, and that new Abu Dhabi park.

Walt Disney (DIS) is set to post quarterly results on Wednesday, and investors will be particularly focused on incoming chief executive Josh D'Amaro’s visions and how he plans to drive growth across the media and entertainment giant.