Analysis

Disney Stock Tanks As Subscription Numbers Plummet In Second Quarter

Megan Basham
Disney Stock Tanks As Subscription Numbers Plummet In Second Quarter
Rodin Eckenroth/FilmMagic via Getty Images

Could it be the Gina Carano effect?

In a second quarter earnings call, Disney CEO Bob Chapek revealed that earnings came in stronger than anticipated for the fiscal period that ended on April 3, with most divisions, including theme parks, outperforming expectations. Yet despite this good news, the stock tumbled more than 4% in after-hours trading on Thursday.

Got a tip worth investigating?

Your information could be the missing piece to an important story. Submit your tip today and make a difference.

Submit Tip