— Shares tumbled nearly 10% after the company said shoppers bought fewer toys this holiday season as higher prices for food and other necessities led
to tighter budgets. Fourth-quarter sales fell 22% from the prior year. Revenue and earnings were both below analysts' estimates, according to Refinitiv.
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Disney stock gains as Bob Iger's earnings return produces a beat despite Disney+ disappointmentDisney Chief Executive Bob Iger returned to the earnings stage Wednesday and delivered a big beat, largely thanks to improving financial results at $DIS’s theme parks, but Disney+ subscribers declined more than expected.
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