US stock markets: Walt Disney shares tumble over 9% after quarterly results | Mint

Walt Disney Co. shares tumbled more than 9 per cent on Tuesday morning in New York after the media giant announced its quarterly financial results and forecasts for the current quarter. At 11:48 a.m. EDT, the Walt Disney stock was at $104.90, lower 9.93 per cent. The direct-to-consumer business, which includes Disney and Hulu, posted quarterly operating income of $47 million compared with a loss of $587 million a year earlier. Revenue rose 13 per cent to $5.64 billion. For …