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Disney sinks after CEO Bob Iger gives disappointing guidance (DIS)

Shares of Disney are down almost 4% on Thursday after CEO Bob Iger gave a disappointing earnings forecast at a conference in New York. Iger also said that Marvel and Star Wars were coming exclusively to Disney's recently announced streaming service. Speaking at the Bank of America Merrill Lynch Media Communications Conference in New York, Iger said that the recent merger and acquisition activity is likely to continue, and that this year’s earnings per share will be roughly in-line with 2016, Bloomberg reported.
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