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.