‘The costs finally caught up’

‘The costs finally caught up’

Disney (DIS) stock plummeted on Wednesday after the media giant reported fourth-quarter earnings results that missed expectations across the board, with the exception of subscriber net additions.

“A big part of the miss was really on the parks side,” Geetha Ranganathan, senior media analyst at Bloomberg Intelligence, told Yahoo Finance Live (video above), citing the parks’ consistent performance up until this quarter.

“We were seeing them report some really, really stupendous numbers in terms…


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