Here's what major analysts thought of Disney's earnings-related drop: 'Back up the truck'

  • 📰 CNBC
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

New for subscribers: Here's what major analysts thought of Disney's earnings-related drop: 'Back up the truck'. Check out CNBCPro today.

Disney's results left the stock down 4% in premarket trading; however, many on Wall Street said now is a good time to buy the dip in the stock.

Disney earned 79 cents per share, well above the 27 cents per share expected by Wall Street, according to Refinitiv. The company made $15.61 billion in revenue, missing estimates of $15.87 billion. The company missed on subscriber estimates for Disney+, coming in at 103.6 million paid subscribers. It was expected to post 109 million, according to FactSet. This print fell below the pace required to reach Disney's 2024 goal, but the company

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

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

DoorDash, AMC, Disney, Coinbase, Dogecoin: What to Watch When the Stock Market Opens TodayStock futures rose, pointing to gains for major indexes at the end of a choppy week in which a jump in inflation rattled markets Highest brand values in the world last decade
Source: WSJ - 🏆 98. / 63 Read more »