Walt Disney (NYSE: DIS) recently reported its fiscal second-quarter earnings, and it's fair to say that investors weren't too impressed. The stock plunged by as much as 10% within hours of the earnings release.

To be sure, there were some good reasons. Disney missed expectations for top-line revenue, and its full-year guidance might be a little weaker than investors had hoped for. But most of the business is performing very well, so here's a recap of the latest results, what to watch going forward, and whether buying Disney stock could be a smart move.

As mentioned, Disney's revenue came in a little lighter than expected in the latest quarter, and 1% year-over-year growth isn't likely to get anyone too excited. But when we look a little deeper, the business is performing quite well.

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Source Fool.com