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Disney Earnings Beat Estimates, but Fall Short on Revenue

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Parks and resorts provided a boost to Disney, but revenues for its media networks, studio and consumer products division were largely flat.
The Walt Disney Co. on Thursday reported fiscal first-quarter earnings of $1.89 per share, beating earnings estimates but falling short of expectations on revenue. The Burbank-based media conglomerate reported revenues of $15.35 billion, short of the $15.5 billion analysts had been expecting. Across its divisions, Disney reported that revenues for its media networks, studio and […]

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