Disney slumps as earnings and sales miss expectations despite box-office hits

Disney reported third quarter financial results after the closing bell on Tuesday that missed Wall Street's expectations.

Disney reported third-quarter financial results after the market close on Tuesday that missed analyst expectations for both revenue and profit. The conglomerate's movie studio reported revenue of $3.86 billion during the period, falling short of the $4.56 billion estimate from analysts. Shares of Disney fell 4% on the results. Watch Disney trade live. Visit the Markets Insider homepage for more stories.

Disney reported third-quarter financial results after the market close on Tuesday that missed analyst expectations for both revenue and profit. The conglomerate's movie studio reported revenue of $3.86 billion during the period, falling short of the $4.56 billion estimate from analysts. Shares of Disney fell 4% on the results. Watch Disney trade live. Visit the Markets Insider homepage for more stories.

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