Walt Disney stock fell 2.5 percent in after-market trading Thursday as investors missed the magic that normally accompanies quarterly reports from the Mouse House.
For its fiscal fourth quarter, Disney's $0.86 earning per share fell two cents short of the consensus — enough to send the stock down to $89.75 per share after ending the day's trading session at $92.
Revenue nonetheless managed to beat expectations — $12.4 billion reported versus $12.37 billion anticipated — in a quarter driven by Disney's studio entertainment segment, which posted an 18 percent increase, to $1.8 billion, over the year-earlier quarter.
Chairman and CEO Bob Iger appeared so pleased with the performance of Disney's studios he announced plans to increase the number of big-budget "tentpoles" to 21 over the next three years.
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