It's A World Of Tears: Disney Misses Estimates (DIS)

Shares of The Walt Disney Company DIS are down in after-hours trading, after the company missed earnings estimates, thanks in part to a later Easter holiday, and the tragedies in Japan. The Burbank, California-based company reported earnings of 49 cents per share on $9.077 billion in revenues. Wall Street was looking for earnings of 56 cents per share on revenues of $9.12 billion. CNBC's Julia Boorstin interviewed CEO Bob Iger about the quarter, and Iger said that the company had approximately $170 million in revenue lost due to the later Easter and the Japanese tragedies. From the press release, Iger said, “We are pleased with the underlying quality of our second quarter earnings. There is great creative momentum throughout the company which gives us continued confidence in our ability to grow our businesses.”