Disney Misses Q3 Earnings Estimates, Sending Stock Lower After Hours – Update

reported third-quarter results significantly short of Wall Street analysts’ estimates on Tuesday, sending shares in the media giant sharply lower in after-hours trading.

Shares in Disney declined 4% in after-hours trading. They had finished the regular session at $141.95, up nearly 3% for the day. Disney stock has risen nearly 31% in 2019 to date as the company has delivered strong results and also convincingly positioned itself as a legitimate streaming rival to Netflix. In addition to Disney+, which will launch November 12, the company struck a deal with Comcast in May to take operational control of Hulu.

If Disney missed expectations earnings having their best ever year at global BO will be interesting to see how analysts react next year without Star Wars Pixar sequels major reimaginations or major MCU films and much tougher competition from rival studios

United States United States Latest News, United States United States Headlines

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

Disney Misses Q3 Earnings Estimates, Sending Stock Lower After HoursDisney reported third-quarter results significantly short of Wall Street analysts’ estimates on Tuesday, sending shares in the media giant sharply lower in after-hours trading. Earnings per s… How? Lol
Source: DEADLINE - 🏆 109. / 63 Read more »

Disney set to report earnings after the bellDisney is expected to show strong growth in its studio business, bolstered by the company's continued dominance at the box office this year. How about reporting about what Disney does
Source: CNBC - 🏆 12. / 72 Read more »

Disney Earnings Miss The Mark, Stock SlidesThe Walt Disney Company posted weaker than expected earnings during its most recent financial quarter even as its sales increased substantially thanks to its recent purchase of much of the film and… Lol How? Haven’t they made like a jillion dollars from films alone this year? 🤨 ANGRY STOCKHOLDER: What type of Mickey Mouse operation is this?!
Source: Variety - 🏆 108. / 63 Read more »