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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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April 27, 2015
11:37 EDTDISESPN files breach of contract suit against Verizon, Re/code reports
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10:00 EDTDISOn The Fly: Analyst Upgrade Summary
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06:48 EDTDISDisney upgraded to Buy from Neutral at Guggenheim
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06:18 EDTDISDisney price target raised to $125 from $110 at Citigroup
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April 24, 2015
11:15 EDTDISDisney calls active on renewed Carl Icahn speculation
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11:03 EDTDISRumor: Disney active on renewed Carl Icahn speculation
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06:50 EDTDISDisney, Fox refuse to run FiOS commercials, NY Times says
Disney (DIS) and 21st Century Fox (FOXA) are refusing to run commercials for Verizon (VZ) FiOS' slimmed down, a la carte package on a number of their stations, according to The New York Times. Disney, Fox and Comcast (CMCSA) have objected to FiOS' new offering, the news service stated. Reference Link
April 22, 2015
17:31 EDTDISNetflix renews 'Daredevil' for season two, Hollywood Reporter says
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April 21, 2015
18:53 EDTDISFox, NBC say Verizon cable packages violate license terms, Washington Post says
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13:34 EDTDISEarnings Watch: Yahoo shares dropped more than 6.5% since last earnings report
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April 20, 2015
17:04 EDTDISOn The Fly: Top stock stories for Monday
Stocks on Wall Street were higher for the day, beginning the session sharply higher and remaining in positive territory throughout. China’s central bank announced a reduction in bank reserve requirements in an effort to increase liquidity and spur economic growth within the country. Following the open, the market moved in a relatively narrow range as investors await the latest round of earnings reports for one of the season's heavier weeks. ECONOMIC EVENTS: In the U.S., the Chicago Fed National Activity Index came in at 0.42 versus expectations for positive 0.1. In Asia, the People's Bank of China lowered its reserve requirement ratio, by 1 percentage point, the lowest since the financial crisis. Despite this, the Shanghai Composite Index fell 1.6% because regulators had already begun curbing speculative trading on Friday. COMPANY NEWS: Morgan Stanley (MS) advanced 0.57%, or 21c, to $36.96 after reporting earnings prior to the market open. The bank beat on both EPS and revenue, and also raised its dividend to 15c from 10c. CEO James Gorman was pleased with the quarter and cited growth across the majority of the company's operations. MAJOR MOVERS: Among the notable gainers was Hasbro (HAS), which rose 12.55% to end the session at $74.16 after reporting EPS and revenue in excess of analyst expectations. During its earnings conference call, the company appeared confident on its 2015 offerings which include Disney (DIS) Princess and Frozen product lines. Also higher was Rovi (ROVI), gaining 8.64% to close the day at $19.11 after renewing its licensing and program guide agreement with Charter (CHTR). Among the noteworthy losers was Caesars Entertainment (CZR), tumbling 17.01% to $10 after failing to reach an agreement on its restructuring. Also lower were a number of medical companies involved in the development of CAR-T cancer therapies, including Kite Pharma (KITE), Juno Therapeutics (JUNO), blue bird bio (BLUE), and ZIOPHARM Oncology (ZIOP). The drop followed disappointing, small-scale studies presented during the annual meeting of the American Association for Cancer Research. INDEXES: The Dow rose 208.63, or 1.17%, to 18,034.93, the Nasdaq advanced 62.79, or 1.27%, to 4,994.6, and the S&P 500 gained 19.22, or 0.92%, to 2,100.4.
06:03 EDTDISESPN raises objections to Verizon FiOS TV packages, WSJ reports
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April 17, 2015
16:11 EDTDISOptions Update; April 17, 2015
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07:00 EDTDISDisney price target raised to $120 from $105 at Jefferies
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April 16, 2015
08:01 EDTDISJPMorgan positive on Disney into Q2 earnings report
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07:13 EDTDISDisney and Corus Entertainment sign licensing agreement in Canada
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April 15, 2015
09:02 EDTDISDolby Vision to launch with Disney's Tomorrowland, Disney Pixar's Inside Out
Dolby Laboratories (DLB) and The Walt Disney Studios (DIS) announced that Disney’s Tomorrowland, in theatres May 22, 2015, and Disney•Pixar’s Inside Out, in theatres June 19, 2015, will be the first Dolby Vision titles to be shown at Dolby Cinema™ locations around the globe. In addition, Disney’s The Jungle Book, due out April 15, 2016, will also be presented in Dolby Vision, with more titles to be announced.

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