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Stock Market & Financial Investment News

News Breaks
November 8, 2012
12:06 EDTDISEarnings Preview: Disney trades slightly higher ahead of earnings report
Disney (DIS) is expected to report Q4 earnings after the market close on Thursday, November 8 with a conference call scheduled for 5:00 pm ET. Analysts are looking for EPS of 68c on revenue of $10.92B. The consensus range is 61c-70c for EPS, and $10.72B-$11.1B for revenue, according to First Call. After reporting better-than-expected Q3 EPS, Disney said it expects CapEx to drop over the next several years. The company recently announced the $4.05B acquisition of Lucasfilm, and analysts and investors will listen for comments from the company on its plans for the company. Disney may also address speculation that it is eyeing Hasbro (HAS), which owns the toy rights to Star Wars and Marvel, both of which have been acquired by Disney. Wells Fargo thinks Lucas is "a great fit" for Disney. The firm believes the deal is similar to Disney's acquisition of Marvel, but with more potential benefit for Disney. At September's Goldman Sachs Communacopia Conference, Disney said the company will see "extraordinary returns" from new cruise ships and that ESPN continues to be a growth vehicle.
News For DIS From The Last 14 Days
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September 2, 2014
07:36 EDTDISDisney wins another weekend with 'Guardians,' LA Times reports
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06:34 EDTDISA+E Networks could buy 10% of Vice Media for $250M, WSJ reports
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August 29, 2014
15:46 EDTDISDisney jv A&E in talks for Vice Media stake after Time Warner backs out, FT says
A&E Networks, a joint venture owned by Disney (DIS) and Hearst Corporation, is nearing a deal to pay $250M for 10% stake in Vice Media after the digital media company and Time Warner (TWX) failed to come to terms on a deal, said Financial Times. 21st Century Fox (FOXA) already owns a 5% stake in Vice. Reference Link
August 28, 2014
07:26 EDTDISDisney submits patents for drones for entertainment uses, NY Post says
Disney has filed three patents for entertainment strategies that employ drones, such as the use of unmanned flying vehicles to move giant puppets, according to The New York Post. Reference Link
August 26, 2014
14:45 EDTDISESPN says Verizon signs deal to carry SEC Network
Verizon (VZ) FiOS has signed an agreement to carry the SEC Network and expects to begin airing it prior to Aug. 28, Disney's (DIS) ESPN announced. The deal also includes live viewing rights and additional live and on-demand content scheduled for SEC Network + across other platforms like smartphones, tablets and laptops. In addition, the deal also includes rights for the FiOS Mobile app, which will be available to FiOS customers in the near future. Terms of the deal were not disclosed.
09:35 EDTDISNetflix files formal protest against Comcast merger, Engadget reports
Netflix (NFLX) has filed a petition to the FCC against the proposed merger between Comcast (CMCSA) and Time Warner Cable (TWC), as the streaming company has previously indicated it would, reported Engadget. Netflix claims the deal would result in "serious public interest harm" and that a merged cable giant would have huge leverage over it and rivals like Hulu, which is a joint venture owned by Comcast itself along with partners Disney (DIS) and 21st Century Fox (FOXA). Reference Link

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