Disney`s Q4 report released yesterday was a little nightmare for the investors. The company reported EPS of $0.30, $0.29 worse than the analyst estimates of $0.59. Revenue for the quarter came in at $20.15B versus the consensus estimate of $21.38B.
One of the reasons for the worse results is the additional spending to grow their streaming services.
Although Disney+, reported 164.2 million subscribers in the fiscal fourth quarter, surpassing the estimates of 161 million. The streaming unit lost $1.5 billion during the period.
The next two price targets are:
$92 support level
$82 support level
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One of the reasons for the worse results is the additional spending to grow their streaming services.
Although Disney+, reported 164.2 million subscribers in the fiscal fourth quarter, surpassing the estimates of 161 million. The streaming unit lost $1.5 billion during the period.
The next two price targets are:
$92 support level
$82 support level
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.