UPDATED with more executive commentary
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.
Singapore Latest News, Singapore 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…
Read more »
Disney Flushes Fox Film Development, ‘Redirects’ Strategy After Big Q3 LossDisney has confirmed that big changes are coming to the Fox film division, including word that Marvel Studios head Kevin Feige is inheriting Fox’s comic book heroes like the X-Men franchise. …
Read more »
Disney profit misses on higher investments, shares fall 5%Walt Disney misses estimates for quarterly profit, as heavy digital investments outweigh gains from 'Avengers: Endgame'
Read more »
Disney misses Wall Street expectations, but posts massive gains in direct-to-consumerDespite a quarter full of excitement, Disney's revenue for the three months ending in June was lower than Wall Street expected
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.
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…
Read more »