Disney Shares Lose $15 Billion in One Day

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Disney's stock fell 7% on Monday, marking its biggest one-day loss in three months, wiping out nearly $15 billion in market value in a single day.

These losses came despite the company reporting quarterly results that exceeded Wall Street expectations, due to its warning of a decline in international visitors to its US theme parks and a drop in profits from its television and film division.

The company announced first-quarter revenue of $25.98 billion, surpassing the average analyst estimate of $25.74 billion.