Why Did Disney Miss Estimates in the Second Quarter?

Walt Disney Co. posted second-quarter results that missed analysts’ estimates as earnings fell at the company’s ABC TV network and the strong dollar cut profit from "Star Wars" merchandise. The company said it will shut down its Infinity game division, and the stock tumbled. Bloomberg Intelligence's Paul Sweeney takes a look at the numbers on "Bloomberg Markets." (Source: Bloomberg)

Full Show: Bloomberg Daybreak: Americas (08/18)
33:33 - Bloomberg Daybreak: Americas hosted by David Westin and Jonathan Ferro. Guests include Mohamed El-Erian, Bloomberg View columnist and Allianz chief economic adviser, Nick Burns, professor at Harvard Kennedy School, and Americans for Tax Reform President Grover Norquist. (Source: Bloomberg)
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