Disney Undershoots Wall Street’s Q3 Estimates For Earnings And Revenue; Shares Fall In After-Hours Trading – Update

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UPDATED with after-hours stock movement. The Walt
Disney Co. missed Wall Street estimates in its third quarter, reporting earnings per share of $1.87 and total revenue of $15.23 billion. While those figures represented gains over the prior year quarter of 18% and 7%, respectively, the consensus estimate among analysts was for diluted earnings of $1.95 a share, and $15.34 billion in revenue. When certain accounting items affecting comparability (such as taxes or…