Disney Stock Dips As Theme Park Comments Rattle Market; CFO Cites “Global Moderation From Peak Post-Covid Travel”
Fireworks at Disney’s first-quarter earnings amid a bitter proxy fight quieted down in the second and the company’s commentary on a call today, especially around the parks business, generated some investor angst and knocked the stock lower. Disney shares are down nearly 10% late morning at about $105. Parks, as has been the pattern, was outstanding for the three months ended in March with revenue up 10% and operating income up 12%. But the future may not be as clear. The uptick was driven by international ...