Walt Disney Co. shares fell in the extended session Thursday after the company reported an earnings and revenue miss. Disney shares fell more than 3% to $99.34 after hours. The company reported fiscal fourth-quarter net income of $175 billion, or $1.13 a share, compared with $1.77 billion, or $1.10 a share, in the year-ago period. Adjusted earnings were $1.07 a share. Revenue fell to $12.78 billion from $13.14 billion in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of $1.15 a share on revenue of $13.3 billion. For the fiscal first quarter, analysts model earnings of $1.66 a share on revenue of $15.48 billion. Disney stock has dropped 1% this year, with the S&P 500 index rising 16%.
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