Disney stock drops to worst day since 2001 after 'massive drop in profits'

Disney stock drops to worst day since 2001 after ‘massive drop in profits’

Walt Disney Co. has a profit problem, and it has helped send the media giant’s shares to their worst daily performance in more than two decades. Although Disney DIS, -13.16% posted record sales in its most recent fiscal year, executives stunned investors with their segment operating profit forecast, which the company uses “as a measure …

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