Disney reports rare earnings miss

Despite a boost from films released this year, The Walt Disney Co. reported a rare quarterly earnings miss as advertising and subscriptions declined at sports channel ESPN and theme park revenue came in weaker than expected.

Earnings came in at $1.36 per share, below analysts' average expectation of $1.40 per share.

Revenue moved up to $13 billion from $12.5 billion, but it was below the Wall Street target of $13.2 billion.

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