Disney just performed an old Jedi mind trick on Wall Street

Disney just performed an old Jedi mind trick on Wall Street

6 years ago
Anonymous $ZOEEBQ1zf0

https://qz.com/1125853/disney-earnings-wall-street-loves-the-idea-of-never-ending-star-wars-movies/

These are not the figures you’re looking for. Move along.

Disney just posted its fourth-quarter earnings, and they were rough. The company missed Wall Street’s expectations, posting revenue of $12.7 billion, below the $13.15 billion analysts had estimated. Initially, Disney’s stock price dropped from its close of $102 to roughly $99 in after-hours trading on the news.