Wall Street analysts stick by Disney after earnings miss: 'We love it on any weakness'

"While Fox's F3Q earnings contribution came in below expectations, we remain confident in the long term opportunity to improve operating performance and leverage its IP to drive Disney's direct-to-consumer strategy," Morgan Stanley said.

Robert Iger, Chief Executive Officer of Disney, poses in "Star Wars: Galaxy's Edge" during a media preview event at Disneyland Park in Anaheim, California, May 29, 2019.may have reported a bit of a "messy" third quarter earnings report on Tuesday after the bell but Wall Street analysts still believe in the stock.and blamed the integration of Fox's entertainment assets, a theme parks drag, and streaming investments.

"There was nothing in these results that suggest that Disney's broader strategic pivot isn't on track. As such, we remain buyers," they said.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks plunge on Wall Street as US-China trade war escalatesNEW YORK (AP) — Stocks are plunging on Wall Street Monday on worries about how much President Donald Trump's escalating trade war with China will damage the economy. Major U.S. indexes are headed... Thanks Obama! Trade wars are good and easy to win Trump better watch his moves. The economy is the one thing that may save him next year. If that goes in the tank, he’s toast.
Source: AP - 🏆 728. / 51 Read more »