Disney (DIS) Stock Sinking on Q1 Miss

Shares of Disney (NYSE: DIS) are down about 7.9% in after-hours trading following the company's Q1 earnings report. The stock most recently traded at $19 even.

Walt Disney reported Q1 non-GAAP EPS of $0.41, missing the Street's estimates by a whole 10 cents. Sales for the quarter came in at $9.6 billion, also below the analyst consensus of $10.07 billion.

UPDATE: Here is a summary of some highlights from Disney's Q1 conference call earlier this morning.

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