Disney Shares Fall 3.5% After 2Q Earnings
May 14 2021 - 10:06AM
Dow Jones News
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)
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