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Disney profit, revenue misses Street as cable business weighs

Reuters 

(Reuters) - Walt Disney Co reported lower-than expected quarterly revenue and profit on Thursday, dragged down by a poor performance at its cable business, including a drop in subscribers at ESPN.The company's shares fell about 3 percent to $99.59 in trading after the bell.The results come after CNBC reported on Monday that Disney had, in the last few weeks, held talks about buying most of Twenty-First Century Fox's film and television assets. The two sides are not currently in discussion, CNBC had reported. [nL3N1NC5IJ]Disney did not address the report in its earnings release.Disney and ...

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First Published: Fri, November 10 2017. 03:02 IST
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