Disney studio profits drop without 'Star Wars,' but earnings beat Wall Street expectations
by Ryan Faughnder, Los Angeles Times
Feb 06, 2019
2 minutes
Walt Disney Co. on Tuesday reported lower first quarter results from its juggernaut movie studio, which for the first time in years did not release a "Star Wars" film during holidays.
But despite the earnings decline, the Burbank entertainment giant managed to beat Wall Street expectations, as the company awaits final regulatory approval for its acquisition of 21st Century Fox assets.
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