Disney Stock Plummets After Gains Made Before Earning Call

Disney started with over $116 a share ahead of its earnings call, but that quickly ended as the stock price plummeted $11 per share due to reports of a weak Q3. The Q2 earnings were mostly positive, with gains made in streaming and improving ESPN+ losses. Most of their goals were met or exceeded. One reason could be that Disney CEO Bob Iger and senior executive VP and CFO Hugh Johnston kept...

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