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Stock Market & Financial Investment News

News Breaks
February 5, 2013
12:27 EDTDISEarnings Preview: Disney sees 'difficult' Q1 comparisons in studio unit
Disney (DIS) is scheduled to report Q1 results after the market close on Tuesday, February 5, with a conference call scheduled for 5:00 pm ET. The Walt Disney Company is a diversified international family entertainment and media enterprise with five business segments: media networks, parks and resorts, studio entertainment, consumer products and interactive media... EXPECTATIONS: Analysts are looking for EPS of 76c on revenue of $11.21B, according to First Call. The consensus range for EPS is 70c-80c on revenue of $10.98B-$11.41B... LAST QUARTER: Disney reported Q4 EPS of 68c against estimates for 68c on revenue of $10.78B against estimates for $10.92B. The company's media networks revenue was $4.88B vs. $4.8B a year ago, while its studio entertainment revenue was $1.4B vs. $1.46B a year ago. On its Q4 earnings conference call, Disney forecast "difficult" Q1 comparisons in its studio unit from home entertainment, and said that at cable, domestic sports rights costs will be $170M higher in Q1 vs. last year. The company also said Q1 parks and resorts results would be impacted by a timing shift. During the quarter, Disney announced plans to shut down Disney Movies online, its Web Movie service, as the site wasn't keeping up with user demands, and also said it would shutter Junction Point Studios. Disney also increased its annual dividend 25% to 75c per share. Disney and Netflix (NFLX) announced a multi-year licensing agreement that will make Netflix the exclusive U.S. subscription television service for first-run live-action and animated feature films from The Walt Disney Studios. Reuters recently reported that Disney recently started an internal cost cutting review, which could lead to layoffs at its studio and other units... STREET RESEARCH: Stifel Nicolaus expects Disney to benefit from multiple catalysts including a compelling content cycle for its Studio unit and a swing to profitability at its Interactive business. The firm expects Disney's EPS growth to accelerate. B. Riley upgraded Disney to Buy from Neutral on January 23 based on valuation, a strong film slate, higher Theme Park margins and a higher rate card at ESPN... PRICE ACTION: Over the last three months, Disney shares are up almost 8%. Year-to-date, shares are up over 8%. Ahead of earnings, Disney is up almost 0.5% to $54.14.
News For DIS From The Last 14 Days
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November 21, 2014
05:15 EDTDISDisney, Shanghai Media Group expand strategic entertainment alliance
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November 18, 2014
05:26 EDTDISDisney Movies Anywhere now available through Walmart VUDU service
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November 17, 2014
10:10 EDTDISDreamWorks sinks, Hasbro rebounds after takeover talks reportedly end
Shares of movie maker DreamWorks (DWA) are tumbling after multiple media outlets reported that talks about a takeover of the company by Hasbro (HAS) had ended. WHAT'S NEW: Talks about an acquisition of DreamWorks by Hasbro have ended, multiple news outlets including The Wall Street Journal and Deadline reported over the weekend. However, Deadline, citing unnamed sources, reported that there's "still a slight chance" that the talks will resume. Hasbro's CEO and board visited DreamWorks' campus recently and a potential name for the combined entity - DreamWorks-Hasbro - was discussed, Deadline stated. Hasbro halted the talks because it became concerned about the negative reaction of its stock to reports about the discussions, Deadline added. Barron's weighed in on the issue over the weekend, writing that the deal "doesn't make sense economically." Partnering with DreamWorks would be logical for Habro, but buying DreamWorks would not be a good move for the toy maker, Barron's stated. DreamWorks' recent inability to create big hits or generate free cash makes it a poor takeover target for Hasbro, Barron's indicated. WHAT'S NOTABLE: In a note to investors on Thursday, Sterne Agee analyst Vasily Karasyov wrote that there is "no industrial logic" whatsoever to a combination of DreamWorks and Hasbro. Karasyov said there was no good reason for Hasbro to buy DreamWorks for $35 per share, the price that the movie maker was seeking, according to some reports. Karasyov predicted that the deal would not occur and kept a $17 price target and Underperform rating on the shares. Additionally, Piper Jaffray said the possible acquisition of DreamWorks Animation by Hasbro could have impacted the latter company's partnership with Disney (DIS). Piper thought buying a competing animation company could alter Disney's view of Hasbro as a partner. PRICE ACTION: In early trading, DreamWorks fell 15% to $22.08, while Hasbro gained 4.3% to $56.33.
06:35 EDTDIS'Dumb and Dumber To' takes first at the box office from 'Big Hero 6', WSJ says
Comcast (CMCSA) company Universal Pictures' "Dumb and Dumber To" brings in $38.1M at the box office, taking first away from Disney's (DIS) "Big Hero 6," which brought in $36M this weekend, reports the Wall Street Journal. "Big Hero 6" has a two week total of $111.7M in North America, the Journal adds. Reference Link

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