Disney shares fall after earnings miss

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Disney missed Wall Street expectations in its fiscal third-quarter earnings report on Tuesday.

Iger acknowledged on the call that Disney+ won't have as much content as Netflix, but he believes the strength of the Disney, Marvel and Star Wars brands should help the streaming service lure consumers.

The company also said on the call that it expects direct-to-consumer losses to rise to $900 million in the fiscal fourth quarter, as it continues to invest in content for Disney+.

 

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