Walt Disney earnings Wednesday are likely to provide clues as to whether the market views the entertainment giant as too similar to its streaming rival Netflix which recently posted a decline in subscribers and saw its share price suffer, said investors and analysts.
As Disney prepares to report fiscal second quarter earnings, shares of the world’s largest entertainment company are approaching their lowest price in nearly two years, and Disney has become one of the worst-performing stocks in the Dow Jones Industrial Average over the last 12 months. The company’s shares are down about 30% since the start of this year.
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This post first appeared on wsj.com
