Shares for entertainment giant Disney fell almost eight percent last week and continue to slide this week as revenues disappointed in the fourth quarter falling short of Wall Street analysts’ expectations. Roughly flat revenues of $22.46 billion are also casting a pall over the latest year of CEO Bob Iger’s second stint.
Operating income fell 5% to $3.48 billion, with failures in the TV and film divisions, even though the amusement parks and streaming posted profits, according to the Wall Street Journal .
The company’s overall revenue was $22.5 billion, less than the same quarter last year, CNBC reported.
The company’s amusement parks and…
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