Walt Disney shares slumped lower Thursday after the media and entertainment giant cautioned that surging inflation and supply-chain snarls could blunt near-term profits, casting a cloud over a better-than-expected tally of subscriber addition to its Disney+ streaming service.
Disney shares moved higher Wednesday ahead of the group s second quarter earnings after the close of trading as investors look to streaming gains and a theme parks recovery to power bottom line growth at the iconic media and entertainment giant.