x
Disney stock (DIS) skyrockets days before Disney Plus debut
BusinessFinancialInvesting save
H
Posted

media

No media yet. 

details

Shares of the Walt Disney Co. gained 5% in after-hours trading Thursday after it reported quarterly results roughly in line with Wall Street analysts’ estimates — days before its much-anticipated streaming service begins.

Analysts polled by FactSet had expected Disney to report adjusted fiscal fourth-quarter earnings of 94 cents a share on sales of $19.2 billion.

The company’s $6.99-per-month streaming service, Disney+, is scheduled to launch next week, featuring content from Marvel, Pixar, “Star Wars,” National Geographic and more.

“They are connecting all Disney assets to Disney+, which is a good move to drive subscriptions and a significant investment in giving the service a fast start.”

No comments yet.

Commenting is limited to those invited by others in the community
or learn more.

share

0 Upvotes

related products

No related products yet. 

x

Add to Collection