The Walt Disney Company (DIS) reported a
surprising profit from Disney+ and Hulu, despite a
69% drop in income and a
tumbling television business. Yet, the company's
entertainment business and the
streaming sector notably turned its first profit. Concerns still exist over a
soft outlook, which caused a post-earnings sell-off, despite analysts maintaining a
bullish stance on the stock. Inside trading saw Director James Gorman acquire 20,000 shares while EVP Sonia L Coleman sold 4,400. Despite meeting
Q2 adjusted EPS estimates, there are acknowledgements that Disney faces challenges. Principal Securities Inc. and Montag A & Associates Inc. acquired new stakes, while Cullen Frost Bankers Inc. reduced its shares. Disney and Epic Games plan to create an expansive universe connected to Fortnite, which is expected to affect its future financial outlook. Ultimately, investors are being urged to consider Disney's mixed financials and pending theme park drama before deciding whether to buy or sell.
The Walt Disney Company DIS News Analytics from Mon, 06 Nov 2023 08:00:00 GMT to Sun, 12 May 2024 17:40:45 GMT -
Rating -2
- Innovation 3
- Information 8
- Rumor 1
