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Share Name Share Symbol Market Type
Walt Disney Co NYSE:DIS NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -2.38 -1.38% 169.66 172.04 169.43 171.93 7,054,716 00:59:59

Disney Shares Fall 3.5% After 2Q Earnings

14/05/2021 3:06pm

Dow Jones News


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By Allison Prang

 

Shares of Walt Disney Co. fell 3.5% after the market opened Friday following the company's second-quarter report where both revenue and Disney+ subscribers missed analysts estimates.

The media company reported revenue of $15.61 billion, down 13% from a year ago and against analysts expectations for $15.86 billion. Paid Disney+ subscribers ended the quarter at 103.6 million, but Wall Street expected 109.3 million.

Adjusted earnings were 79 cents a share and beat analysts' consensus forecast for 26 cents a share.

The shares were down to $172.10.

 

Write to Allison Prang at allison.prang@wsj.com

 

(END) Dow Jones Newswires

May 14, 2021 09:51 ET (13:51 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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