The Walt Disney Company (NYSE:DIS) reported Q2 2024 earnings with mixed investor sentiments. While certain sectors including streaming made impressive profits, financial performance missed targets. There was significant concern regarding the downward revision of Disney's future outlook, leading to a 9.5% drop in stocks. Despite meeting adjusted EPS estimates for Q2, analysts expressed disappointment over the results. International Assets Investment Management has a $3.35 million stake in Disney. On the bright side, Disney's entertainment business showed growth in Q2. James Gorman, a director, acquired 20,000 Disney shares. Various analyses point towards a potentially more attractive Disney stock, priced at $105. Wells Fargo maintained Disney's overweight recommendation, but concerns about shrinking TV business inflated concerns. Despite stock decline after earnings, DisneyMade profitability in entertainment streaming. Licensing to Netflix was looked upon more favorably. The board of directors sent out a letter highlighting progress and promises made to the shareholders. Furthermore, the Company won seven Critics Choice Awards and appointed Hugh Johnston as Senior Executive VP and CFO. Overall, Disney's financials seemed inconsistent with stock trends.
The Walt Disney Company DIS News Analytics from Mon, 06 Nov 2023 08:00:00 GMT to Fri, 10 May 2024 11:00:00 GMT -
