Shares of The Walt Disney Company rose in premarket trading Wednesday after the media and entertainment giant's fiscal second-quarter results came in better than analysts had expected.

Walt Disney Co. reported fiscal second-quarter results that beat Wall Street estimates and raised its outlook for the full year, citing strong performances from theme parks and streaming TV. The shares jumped as much as 12% in New York.

Disney’s theme parks and entertainment streaming business notched positive results in the most recent quarter, offering signs the company’s strategy in both areas is paying off. The company cautioned that it recognized economic uncertainty would shadow its “operating environment for the balance of the fiscal year.