Disney earnings miss forecasts as costs rise for its streaming future
By Lisa Richwine and Vibhuti Sharma (Reuters) - Walt Disney Co reported a steeper earnings decline than Wall Street expected on Tuesday as the company poured money into its ambitious plunge into streaming media and began folding in assets purchased from Twenty-First Century Fox. Shares of Disney, which had risen 27% this year and hit an all-time high last week, dropped as much as 5% in after-hours trading to $135.
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