Walt Disney (
The company reported earnings of $1.10 a share for the quarter, a 16% hike from a year earlier but well below the $1.16 The Street anticipated.
Disney reported $13.1 billion in fourth-quarter revenue that missed the $13.5 billion forecast by analysts, according to a compilation by Thomson Reuters. The quarter had one less week than the quarter a year earlier, the company said.
For its full year, Disney reported adjusted earnings of $5.73 a share, a 17% increase that trailed the consensus forecast of $6.04 a share. Its revenues increased by 6% for the year, to $55.6 billion, which trailed the $58.3 billion that The Street expected.
The company's shares, which have fallen by about 8% this...