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Disney shares drop on disappointing results in all businesses


By Lisa Richwine and Aishwarya Venugopal(Reuters) - Walt Disney Co on Thursday reported earnings that missed Wall Street targets as profit fell at its media networks unit, the movie studio and its consumer products division, sending shares down 3 percent.Revenue from Disney's cable business, the largest unit which includes ESPN and Disney Channel, fell marginally to $3.95 billion in the fourth quarter, missing the $4.06 billion consensus of analysts polled by Thomson Reuters I/B/E/S.Results at sports channel ESPN were comparable to the prior year, Disney said, but subscribers and advertising ...

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First Published: Fri, November 10 2017. 03:34 IST