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FILE PHOTO: A screen shows the logo and a ticker symbol for the Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 14, 2017. REUTERS/Brendan McDermid/File Photo
(Reuters) – Walt Disney Co (DIS.N) on Tuesday missed Wall Street estimates for quarterly profit as heavy investments in its digital portfolio outweighed gains from the worldwide phenomenal success of “Avengers: Endgame”.
Excluding certain items, Disney earned $1.35 per share, below average analyst estimate of $1.75 per share, according to IBES data from Refinitiv.
Shares of the company fell 5% to $135 in extended trading.
Reporting by Vibhuti Sharma in Bengaluru; Editing by Arun Koyyur
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