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Disney pops 4% as streaming hopes trump earnings decline: Market 'sensing big things are brewing'

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Disney shares jump as Wall Street analysts got excited about the media giant rolling out its streaming service soon.

Disney reported Thursday an adjusted profit of $1.07 per share. That's down 28% from $1.48 per share in the year-earlier period.

Chief executive officer and chairman of The Walt Disney Company Bob Iger and Mickey Mouse look on before ringing the opening bell at the New York Stock Exchange , November 27, 2017 in New York City.shares jumped Friday as excitement around the media giant's streaming service overshadowed a sharp profit decline for the previous quarter.. That's down 28% from $1.48 per share in the year-earlier period. Disney's earnings did, however, top a Refinitiv estimate of 95 cents a share.

"The market is sensing big things are brewing in the quarters ahead," Michael Nathanson, founding partner at MoffettNathanson, said in a note. "As we have vividly seen at Netflix, when moving in the right direction, momentum in subscriber growth makes those metrics investors' sole focus."

 

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Because and analysts is/are long... that’s why! Buy buy buy!!! (FYI that was Sarcasm)

I have 250+ channels on my television, a DVR, HBO Go, and Netflix. There already exists more content than I can consume, my list of shows to watch is ever growing and can never be completed. Why would I pay for Disney+? More regurgitated Star Wars? Please

The parent company of ABC that protected child abuser Epstein by spiking the story years ago...SICK

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Disney+ must succeed for the sake of the stock, investor says ahead of earningsDisney earnings are on deck for after Thursday's closing bell, but one expert is looking further out than the entertainment giant's fourth-quarter results. TradingNation Yes, but what about the EpsteinCoverup RobertIger needs to address it. abv is willfully ignorant and protected pedophiles. RoyalFamily BillClinton BillGates TradingNation Deep insight.
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