Disney Stock Drops 10% Despite Progress Towards Streaming Profits – Wall Street Reacts
ANAHEIM, CALIFORNIA – Disney’s recent financial report and conference call with investors brought both good news and challenges for the entertainment giant. Despite making progress towards profitability in its streaming services and increasing its full-year earnings forecast, Disney’s shares took a hit, dropping around 10 percent on Tuesday. The decrease in Disney’s stock value came as a surprise, with shares down 10.4 percent at $104.32 as of 12:15 p.m. E.T. This marked one of the …