Disney Shares Tumble After Missing Analyst Estimates

Disney's second quarter earnings report reveals a miss on both earnings per share and revenue, falling short of analyst expectations. Despite an increase in profit from the previous year, media revenue, including cable networks like ESPN, also underperformed. The market reacted negatively, with Disney shares dropping 6% in after-hours trading. While ESPN showed some resilience, lower equity income at A&E raised concerns. Overall, investor sentiment was dampened as Disney did not match the positive trends seen in other media companies.

What was Disney's adjusted earnings per share for the second quarter, and how did it compare to analyst expectations?

• $1.36, which exceeded expectations

• $1.36, which fell short of expectations

• $1.40, which met expectations

• $1.23, which was below expectations

How did Disney's operating income for the second quarter compare to expectations?

• It was not reported

• It was higher than expected

• It was lower than expected

• It met expectations

What was the percentage drop in Disney shares in after-hours trading following the earnings report?

• 6.5%

• 6%

• 5%

• 4%

Which part of Disney's cable network revenue saw an increase, and what offset this gain?

• ESPN saw an increase, offset by lower income at A&E

• A&E saw an increase, offset by lower income at ESPN

• Both ESPN and A&E saw increases

• Neither ESPN nor A&E saw increases

What was the investor sentiment towards Disney's earnings compared to other media companies?

• Disney's earnings were not compared to other media companies

• Investors were disappointed as Disney did not match other media companies

• Disney's earnings matched the positive trends of other media companies

• Investors were pleased with Disney's performance