August 6, 2019 / 8:09 PM / 17 days ago

Disney profit misses expectations, shares fall 5%

Aug 6 (Reuters) - Walt Disney Co on Tuesday missed Wall Street estimates for quarterly profit as heavy investments in its digital portfolio outweighed gains from the worldwide phenomenal success of "Avengers: Endgame".

Excluding certain items, Disney earned $1.35 per share, below average analyst estimate of $1.75 per share, according to IBES data from Refinitiv.

Shares of the company fell 5% to $135 in extended trading. (Reporting by Vibhuti Sharma in Bengaluru; Editing by Arun Koyyur)

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