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Disney Stock Tumbles. CFO Says Road to Profits in Streaming ‘Is Not a Linear One.’

Disney Stock Tumbles. CFO Says Road to Profits in Streaming ‘Is Not a Linear One.’

Walt Disney stock was falling hard on Tuesday after management offered guidance for its streaming division that left investors disappointed. Disney stock tumbled 9.9% to $104.98 in afternoon trading, on track for its largest decline since Nov. 9, 2022, when it dropped 13%, according to Dow Jones Market Data. The company had posted stock gains after each of its last three earnings reports.