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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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