Disney (DIS) shares declined Tuesday after the entertainment giant's top executive reportedly said fourth-quarter streaming subscription growth would be lower than expected due to headwinds related to the COVID-19 pandemic.
Shares of Disney were down 4.2% to 171.17 at closing.
CEO Bob Chapek said Disney expects to add “low single-digit millions” of streaming subscribers in the fourth quarter, according to CNBC.
Chapek, who made his comments at the virtual Goldman Sachs Communacopia Conference, said “mobilizing....More>>>