Disney rallied after earnings, as investors got a rare three-year forecast that showed the company expects double-digit earnings growth in 2026 and 2027.

By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) -Walt Disney shares surged Thursday after the entertainment giant reported quarterly earnings that beat Wall Street's estimates and offered robust guidance for the coming years.

The potential sale comes after Iger and his wife, Willow Bay, agreed to acquire the Angel City Football Club in July. Bay and Iger were reported to acquire the controlling stake in Angel City Football Club at a value of $250 million and planned to invest an additional $50 million “to support the Club’s future growth.”

Disney CEO Bob Iger adopted a trading plan to exercise options granted 10 years ago, currently worth more than $40 million.

Disney CEO Bob Iger, previously a vocal Trump critic, has been quiet on the election, but the company still faces legal and political risks.

U.S. stocks slipped Thursday as the market’s big burst following Donald Trump’s election continued to cool. The S&P 500 fell 0.6%, though it’s still near its all-time high set on Monday. The Dow Jones Industrial Average dropped 207 points,