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Disney Falls as Charges Cause Net Loss Despite Surprise Streaming Profit
DisneyDisney(US:DIS) Investopediaยท2024-05-07 12:00

Key TakeawaysShares of The Walt Disney Company fell in premarket trading Tuesday following a second-quarter report that included an overall net loss due to restructuring and other impairment charges, but surprise profitability from the direct-to-consumer entertainment segment.Tuesday's report is Disney's first since CEO Bob Iger was backed by shareholders, fending off activist investor Nelson Peltz at the company's annual meeting last month.Analysts and Iger had put emphasis on the performance of Disney's s ...