UPDATE: Walt Disney (DIS) Quickly Falls to Low, Down 4% Following CEO Comments

September 21, 2021 2:23 PM EDT

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(Updated - September 21, 2021 2:41 PM EDT)

(Updated - September 21, 2021 2:26 PM EDT)

Walt Disney (NYSE: DIS) shares declined Tuesday, falling as much as 5% before paring declines to 3%. Weakness followed comments at today's Goldman Sachs conference. Specifically, CEO Bob Chapek said ‚Äčthe company sees Disney+ global subs up 'low single-digit millions' in Q4, lower than consensus.

Chapek also said the resurgence of Covid with the delta variant is creating production delays and some softness in parks.

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