“Walt Disney shares slumped in after-hours trading Tuesday after the Dow component posted earnings and revenue that missed Wall Street expectations.
The entertainment giant reported fiscal second quarter earnings of 49 cents a share. Disney earned 48 cents a share during the same period a year earlier.
Sales for the most recent quarter rose to $9.08 billion, up from $8.58 billion last year.
The company was seen earning 56 cents a share on revenue of $9.13 billion, according to a consensus estimate from Thomson Reuters.
Shares of Disney tumbled almost 3 percent in extended trading. Get after-hour quotes for Walt Disney here.
Investors appeared to be betting on the company during Tuesday’s regular session before the earnings report. Disney [DIS 43.91 
0.81 (+1.88%) 
] was the top gainer among components of the Dow Jones Industrial Average Tuesday, closing at $43.91. Volume exceeded 10.6 million shares before the closing bell.”
