11:24 h / 2021/11/12
Shares of the media giant dropped more than 4% in after hours trading after missing on the top and bottom lines of its quarterly results. Disney reported earnings of 37 cents per share on revenue of $18.53 billion. Wall Street expected earnings of 51 cents per share on revenue of $18.79 billion, according to Refinitiv. Disney+ subs also came in short of estimates at 118.1 million, compared to the forecast of 125.4 million.