Disney shares jump as Wall Street getting optimistic media giant can compete with Netflix

Disney shares jump as Wall Street getting optimistic media giant can compete with Netflix

6 years ago
Anonymous $ZOEEBQ1zf0

https://www.cnbc.com/2017/11/10/disney-shares-jump-as-wall-street-getting-optimistic-media-giant-can-compete-with-netflix.html

Disney shares are rising Friday as analysts are bullish on its upcoming internet video streaming services, despite the company's earnings miss.

The media giant reported weaker-than-expected fiscal fourth-quarter earnings Thursday. It generated earnings per share of $1.07 versus $1.12 Thomson Reuters consensus estimate. But analysts got excited after the company said it would price its upcoming streaming service "substantially below" Netflix during the earnings conference call.

Disney shares jump as Wall Street getting optimistic media giant can compete with Netflix

Nov 10, 2017, 5:38pm UTC
https://www.cnbc.com/2017/11/10/disney-shares-jump-as-wall-street-getting-optimistic-media-giant-can-compete-with-netflix.html >Disney shares are rising Friday as analysts are bullish on its upcoming internet video streaming services, despite the company's earnings miss. >The media giant reported weaker-than-expected fiscal fourth-quarter earnings Thursday. It generated earnings per share of $1.07 versus $1.12 Thomson Reuters consensus estimate. But analysts got excited after the company said it would price its upcoming streaming service "substantially below" Netflix during the earnings conference call.