You are here

Shares of Disney drop after it lowers cable network outlook

Los Angeles

WALT Disney Co lowered profit guidance for its cable networks unit and reported quarterly revenue slightly below Wall Street forecasts, sending its shares down 6 per cent on Tuesday.

The media company now expects annual operating income growth at the unit in the mid-

Market voices on:


Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at

Powered by GET.comGetCom