The Walt Disney Co. may have had an increase in revenue and adjusted net income in its fiscal first quarter, but it didn’t translate into a higher stock price.

The Burbank entertainment and media giant saw its share price go down by 2.4% from a close of $113.30 on Feb. 4 to a close of $110.54 on Feb. 5, the day it reported its financial results before the market opened.

The 23.3 million shares that traded on Feb. 5 made for the fifth highest trading volume in the past 52-week period.

The stock had fallen to $109.59 by Feb. 13.

Disney reported adjusted net income of $3.3 billion ($1.76 a share) for the quarter ending Dec. 28, compared with adjusted net income of $2.5 billion ($1.22) in the same period of the previous year. Revenue…