Comment on Disney reports 46% drop in profit

Disney reports 46% drop in profit

Weak theme park and film studio results are blamed. Still, Disney shares rise 4% in after-hours trading as executives hint at happier days to come. Walt Disney Co. reported a 46% drop in net income for its second quarter, blaming disappointing results from its movie studio and a weak global economy, which took a toll on the entertainment giant's tourism-dependent theme park and advertising-reliant broadcast television businesses.

 

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