Disney Stock Plummets Over 10% Despite Strong Earnings and Streaming Progress. What Are Analysts Saying About the Mixed Results? from in stock now com Watch Video
Preview(s): Play Video: (Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
Your browser does not support playing the video.Please download the video!
⏲ Duration: 0:39 👁 View: 350K times ✓ Published: 09-May-2024
Description: Disney stock dropped over 10% despite reporting improved fiscal second-quarter earnings and guidance, as well as progress toward streaming profitability. Analysts debated the streaming profits and noted challenges like moderating theme park demand and linear network losses. Disney narrowed its streaming loss to $18 million and hit a $47 million profit when excluding ESPN+. It expects streaming profits in the fourth quarter. Mixed results and warnings of slowing park attendance concerned some analysts.