Disney Shares Decline on Outlook Despite Path to Profit

By mstenberg 

Disney reported first-quarter earnings Tuesday that showcased its movement toward profitability, but its stock still tanked in after-hours trading. (Bloomberg)

The company partially blamed the stubborn losses on the higher price of a venture related to streaming cricket in India. (WSJ)

The company’s stock tanked more than 9%, Disney’s worst day on the stock market in 18 months. (CNN)

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