Reported about 5 hours ago
In its fiscal first quarter, Disney reported revenues of $24.7 billion and adjusted earnings per share of $1.76, surpassing expectations; however, the company also revealed a loss of 700,000 streaming subscribers. Analyst Geetha Ranganathan noted that while the streaming loss was less severe than anticipated, investors had hoped for a more optimistic outlook given the strong financial results.
Source: YAHOO