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Disney stock dives after earnings and revenue miss, sales growth forecast to slow after record year

Por: MarketWatch Business November 09, 2022

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Analysts surveyed by FactSet had on average expected adjusted earnings of 56 cents a share on revenue of $21.27 billion. Disney executives blamed a number of factors for the revenue miss, including lower content sales because they had fewer theatrical films on the calendar; underperformance of the parks and media divisions; and seasonality of its fourth quarter, which tends to be the lowest for margins. For the full fiscal year, Disney reported... + full article



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