Shares of Disney popped in extended trading after the mass media company reported second-quarter results that beat expectations on the top and bottom lines. The company reported earnings of $1.61 per share on revenue of $14.92 billion, topping analysts' estimates of $1.58 per share on revenue of $14.36 billion.
The company also raised its guidance based on its own estimates that 1 in every 3 smart TVs sold in the U.S. during the first quarter were Roku TVs. Etsy stock dropped nearly 6% in extended trading after the company's CFO revealed that the online retailer has paused some of its marketing investments. The company reported first-quarter earnings of 24 cents per share, 10 cents per share higher than expected, and revenue of $169.3 million, slightly lower than the $170.1 million expected.
JoeVirgallito Roku is very overvalued. It could go up to 90 or go back to 40 at any whim.
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