Disney stock drops after reporting wider streaming loss, earnings miss

Disney stock drops after reporting wider streaming loss, earnings miss

Disney (DIS) reported fiscal fourth-quarter earnings on Tuesday after the bell, missing on both the top and bottom lines. Macroeconomic challenges, including the global advertising slowdown, weighed on earnings as the company also battled higher-than-expected streaming losses.

Disney stock moved lower on the heels of the report, with losses accelerating as investors digested the results — down as much as 10% in after-hours trading.

Here are Disney’s fourth-quarter results compared to Wall…


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