BREAKING: Disney Shares Plunge After Earnings Miss

Nasdaq: DIS -0.56 (-0.50%)

Current Price: $110.48

The Walt Disney Company (DIS) shares plummeted 0.56% to $110.48 in after-hours trading on Thursday as investors reacted to the company's disappointing earnings report.

DIS reported earnings per share of $0.39, well below the consensus estimate of $0.51. Revenue also fell short of expectations, coming in at $11.8 billion compared to the expected $12.2 billion.

The company cited a number of factors for the weak results, including higher-than-expected costs at its theme parks and lower-than-expected advertising revenue from its media networks.

Investors are concerned about the company's ability to grow its earnings in the coming quarters. DIS shares have now lost more than 10% of their value in the past month.

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