Benzinga
Why Disney Shares Are Falling Today
The Walt Disney Co (NYSE: DIS) is trading lower Thursday after the company announced worse-than-expected fiscal fourth-quarter financial results. Disney reported quarterly adjusted earnings of 37 cents, which came in below the estimate of 44 cents. The company reported quarterly revenue of $18.53 billion, which beat the estimate of $16.26 billion. Disney+ paid subscribers totaled 118.1 million, up from 73.7 million year-over-year. The stock may be trading lower as a result of slowing Disney+ sub
