Disney says streaming is nearly breakeven, but shares sink 10% on soft guidance
The "Partners" statue of Walt Disney and Mickey Mouse, at Cinderella Castle at the Magic Kingdom, at Walt Disney World, in Lake Buena Vista, Florida, photographed Saturday, June 3, 2023.Joe Burbank | Tribune News Service | Getty ImagesDisney reported fiscal second-quarter earnings Tuesday that beat analyst estimates after narrowing streaming losses.But shares of the company sank 10% as it missed revenue estimates for the fourth consecutive quarter and guided toward a softer third quarter for exp...
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