Disney Shares Slip After Earnings Top Street Estimates | Fox Business

Walt Disney Co. shares slipped in the extended session Tuesday even after the media and entertainment giant topped Wall Street views for the quarter. Disney shares declined 1.3% to $95.37 after hours. The company reported adjusted fiscal third-quarter earnings of $1.62 on revenue of $14.28 billion. Analysts surveyed by FactSet had estimated earnings of $1.61 a share on revenue of $14.15 billion. Operating income in Disney's media networks was flat for the quarter at $2.37 billion from a year ago as revenue rose 2% to $5.91 billion. In a separate statement, Disney said it will acquire a 33% stake in video streaming company BAMTech for $1 billion for use in ABC and ESPN programs.