Euro Disney shares drop

Theme park's first-half net loss doubled

Shares in Euro Disney fell nearly 10% after the theme park operator said its fiscal first-half net loss doubled to €85 million ($112 million) after group sales declined.

"The results are below our expectations, essentially in terms of sales," writes Natixis analyst Sarah Emsellem. Natixis downgraded its rating on Euro Disney to "add" from "buy."

The stock is 9.5% lower at €3.61, giving it a market value of about €140 million.
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