Disney Stock Lower as Park Demand Slows

Walt Disney Co (NYSE:DIS) stepped into the earnings confessional this morning, where it reported fiscal third-quarter results. The entertainment giant announced earnings of $1.39 per share on revenue of $23.16 billion, both of which beat Wall Street's expectations thanks to strength in its streaming units, though lackluster demand at Disney parks are weighing on the shares. At last glance, DIS is 2.6% lower at $87.57. The security has steadily worked lower since a roughly two-year high on March 28, with its ...