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Earnings Results: Disney+ subscriber growth slows and may stay slow until next summer; stock falls

Walt Disney Co. reported an even more jarring slowdown in Disney+ growth than expected Wednesday while missing expectations for earnings and sales, and shares fell in after-hours trading.

Disney DIS reported fiscal fourth-quarter net income of $159 million, or 9 cents a share, compared with a loss of 39 cents a share in the year-ago quarter. After adjusting for restructuring costs, amortization and other effects, the company reported earnings of 37 cents a share, compared with an adjusted loss of 20 cents a share a year ago….

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