Entertainment titan The Walt Disney Company (DIS – Analyst Report) reported fiscal Q2 earnings results after the closing bell Tuesday, and the company missed estimates on both earnings and sales for the first time in 5 years — since Q2 2011. Earnings per share of $1.36 missed the $1.40 expected, whereas revenues reached $12.97 billion, down from the $13.26 billion in the Zacks consensus estimate. Shares of DIS fell 6 percent immediately.

Most concerns related to Disney’s massive span of global business has recently been concentrated on its Cable Network segment, which houses the ESPN sports network. “Cutting the cord” by consumers in the U.S. made this aspect of Disney’s overall business risky, and Cable Networks finished down 2 percent in the quarter. The overall Media Networks group came in under expectations, although Operating Income was up 9 percent year over year.

Parks & Resorts also lagged in Disney’s Q2 a bit, with foreign currency headwinds leading to a worse-than-expected overseas market. Domestically, however, Parks & Resorts was up 22 percent from Q2 2015, and this as Disney prepares the new Star Wars Land amusement park in time for the next installment of the Star Wars film franchise in 2017. Also, Disney World Shanghai is slated to open this June.

And all this before discussing Disney has been the quickest film company to bring in $1 billion in sales ever in history, benefiting its Studio Entertainment group. Revenues for the segment rose 46 percent year over year, and this is without factoring two recently released global blockbusters, Jungle Book and Captain America: Civil War.

Although Disney had long made a habit of beating expectations in its quarterly reports, there had been an overall negative bias from analysts downwardly revising earnings estimates notably over the past 60 days. Zacks ESP was also predicting a miss in the quarter. Some of this may have stemmed from the announcement last month that Disney COO Thomas Staggs — thought by some to be heir-apparent to CEO Bob Iger — was leaving the company.

Disney is far from through delivering fireworks, however, so the lower DIS stock trades in the after-market today, the more attractive the valuation becomes. We will check all analyst estimate changes on the Zacks Rank #3 (Hold) stock, moving forward.