Disney shares are down nearly 10% late morning at about $105.
But the future may not be as clear.
The uptick was driven by international led by Hong KongDisneyland.Walt Disney Worldand the cruise line were solid.
Walt Disney ‘Partners’ statue at DisneylandAaronP/Bauer-Griffin/GC Images
Wall Street didnt quite know what to do with that.
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He expects Parks to rebound in the fiscal fourth quarter.
The parks business did 10% growth in the quarter.
And obviously, thats an extremely high revenue number.
We still see the bookings as we look ahead indicate healthy growth in the business.
So we still certainly feel good about the opportunities for continued strong growth.
He said the Q3 number would be up in the high single-digits backing out one-time expenses.
I certainly feel like the business is still doing very, very well.
Disney is just starting ten-year, $60 billion investment cycle in the parks and experiences.
