Walt Disney Shares Fall As Earnings Meet Expectations

MarketWatch Pulse

Walt Disney Co. late Thursday reported its fiscal fourth-quarter net income rose to $1.5 billion, or 86 cents a share, from $1.39 billion, or 77 cents a share, a year ago. Revenue grew to $12.39 billion from $11.57 billion. On an adjusted basis, the entertainment giant would have earned 89 cents a share, in line with Wall Street's expectations. Shares of Disney fell 1.1% after hours.

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