Entertainment giant Disney's (DIS) shares fell more than 7% in yesterday's trading session, even after reporting results that exceeded Street expectations and an optimistic tone from outgoing CEO Bob Iger about the business. The reason was the citation of “international visitation headwinds.” To put it simply, the company sounded a note of caution about foreign visits to its theme parks.
Ironically, the theme park business drove the bulk of the positive results for the company in the quarter, with its head, Josh D'Amaro, also being one of the frontrunners to succeed Iger. The company had earlier clarified that it would name Iger's successor during this quarter.
