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Why Disney Stock Dropped Today

TheMotleyFool

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Shares of entertainment conglomerate The Walt Disney Company (NYSE: DIS) closed down 4.1% in Tuesday trading after the House of Mouse disclosed a disappointing forecast for growth in its Disney+ division.

Speaking at the Goldman Sachs "Communacopia" conference today, Disney CEO Bob Chapek estimated that fiscal fourth quarter paid subscribers to Disney's streaming service will rise by only "low single-digit millions".

Image source: Getty Images.

Source Fool.com

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