10-05-2016 22:15 via feedproxy.google.com

Disney whiffs on earnings and sales, stock plunges 6% (DIS)

Disney shares plunged 6% in after-hours trading on Tuesday after the company reported earnings that missed Wall Street's expectations.
The media behemoth's revenues also missed forecasts. 
Disney posted fiscal-second-quarter adjusted earnings per share of $1.36 and revenues totaling $13 billion. 
Analysts had estimated that the company posted $1.40 in adjusted earnings per share, and revenues of $13.21 billion. 
Cable-network revenues fell 2% to $4 billion, and consumer-
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