Walt Disney Co DIS shares are trading lower by 9.48% to $92.06 over the trailing five sessions. The stock has fallen in recent sessions after the company this week reported a drop in Disney+ paid subscribers.
Additionally, the stock on Friday was downgraded from Outperform to Peer Perform by Wolfe Research.
See Also: Disney's 'Uncertain Future': 3 Analysts Size Up Q2 Earnings
What Happened?
Disney reported second-quarter revenue of $21.82 billion, which was up 13% year-over-year. The revenue total beat a Street consensus estimate of $21.79 billion.
The company reported earnings per share of 93 cents in the second quarter, in line with estimates.
“We’re pleased with our accomplishments this quarter, including the improved financial performance of our streaming business...Read More
According to data from Benzinga Pro, DIS has a 52-week high of $126.48 and a 52-week low of $84.07.
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