Week to date, shares of Walt Disney (NYSE: DIS) were down 5.5% as of 11:57 a.m. ET on Friday, according to data provided by S&P Global Market Intelligence. The stock dipped following the company's fiscal fourth-quarter financial results that showed losses from Disney+ pressuring profits. While the direct-to-consumer business posted a $1.4 billion operating loss, total revenue across Disney's empire increased by 23% over the year-ago quarter. Read More...
Week to date, shares of Walt Disney (NYSE: DIS) were down 5.5% as of 11:57 a.m. ET on Friday, according to data provided by S&P Global Market Intelligence. The stock dipped following the company’s fiscal fourth-quarter financial results that showed losses from Disney+ pressuring profits. While the direct-to-consumer business posted a $1.4 billion operating loss, total revenue across Disney’s empire increased by 23% over the year-ago quarter.
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