Tag

Walt Disney Co (NYSE:DIS) revenue missed Wall Street expectations for the first time in eight quarters, despite the success of “Avengers: Age of Ultron“. Following the release of earnings report, shares were initially down 2.1% at $119.17 in the after-hours trading session.

Disney’s Media Networks, which operates ABC, ESPN and Disney cable networks, reported a 5% revenue gain to $5.8 billion as on-demand distribution and affiliate revenues grew. Earnings at cable networks rose 7 percent to $2.08 billion.