Disney misses Street 2Q forecasts; shutting Infinity games
(AP) — Disney reported quarterly earnings Tuesday that fell short of forecasts, and announced it is discontinuing its Disney Infinity line of video games.
The adjusted results, which exclude the $147 million charge — or 6 cents per share — for shutting the Infinity division down, fell short of Wall Street expectations.
Disney shares tumbled 6 percent in after-hours trading after the results were released, taking them into negative territory for the year.