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Stock Market & Financial Investment News

News Breaks
February 4, 2014
12:25 EDTDISEarnings Preview: Analyst predicts Disney will report stronger than expected Q1
The Walt Disney Company (DIS) is scheduled to report first quarter earnings after the market close on Wednesday, 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 earnings per share of 91c on revenue of $12.23B, according to First Call. The consensus range for EPS is 84c-97c on revenue of $11.92B-$12.54B. LAST QUARTER: Disney reported fourth quarter EPS of 77c against estimates for 76c on revenue of $11.57B against estimates for $11.4B. The company's media networks revenue was $4.95B vs. $4.88B a year prior and its parks and resorts revenue was $3.7B, up 8% from a year prior. The company reported its Q4 cable networks operating income $1.3B. Disney (DIS) Chairman and CEO Bob Iger disputed rumors that the company could be looking to sell its eight ABC TV stations. Iger commented, "These have been good assets for us... We don't comment about acquisitions or divestitures, but I don't think it would be wise to either predict or to conclude that these assets were on the market." NEWS: During the quarter, Disney raised its annual dividend 15% to 86c per share. The Wall Street Journal recently reported that Disney's interactive-media unit will cut "several hundred" people from its workforce, with cuts likely starting after the company's quarterly report. Earlier in the quarter, Disney's Pixar Animation Studios laid off less than 5% of its 1,200-person workforce following the delay of its upcoming film, "The Good Dinosaur." Disney elected Twitter's Jack Dorsey to its board of directors. Barron's said Discovery Communications (DISCA) could bid for Scrips Networks (SNI) and that may spark interest in Discovery by Disney, Viacom (VIAB) or Fox (FOXA). Hulu said on its blog that it will reach $1B in revenue in 2013, up from $695M in 2012. STREET RESEARCH: Stifel predicts that Disney will report stronger than expected Q1 results, and expects the company's results to generally be upbeat. Bernstein believes that Disney's stock probably doesn't adequately reflect the value of the A&E Television Network. The firm thinks the network's operating outlook is stable to improving, and it values the asset at $23.5B. B. Riley downgraded the stock to Neutral from Buy. PRICE ACTION: Year-to-date, Disney shares are down almost 7%. Over the last three months, Disney shares are up over 3%, and shares are up over 1.5% today ahead of tomorrow's earnings report.
News For DIS From The Last 14 Days
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March 27, 2015
11:17 EDTDISWalt Disney volatility at low end of range as shares near record high
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March 25, 2015
06:54 EDTDISPotential YouTube competitor launches, Variety says
Digital subscription video start-up Vessel, which is looking to compete with Google's (GOOG) YouTube, launched yesterday, according to Variety. Vessel was founded by Jason Kilar, the founding CEO of Hulu, the magazine stated. Disney (DIS), 20th Century Fox (FOX, FOXA), and Comcast (CMCSA) own stakes in Hulu. Reference Link
March 22, 2015
18:46 EDTDISLionsgate's 'The Insurgent' takes top spot at box office with $54M
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March 20, 2015
08:13 EDTDISCanada to 'unbundle' cable TV offerings by December 2016
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March 19, 2015
07:04 EDTDISAmerican Express confirms plans to launch Plenti loyalty program
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March 18, 2015
09:23 EDTDISVerizon may launch mobile TV service as soon as June, Bloomberg says
Verizon (VZ) has secured mobile television streaming rights with Viacom (VIA, VIAB) and DreamWorks Animation (DWA) and plans to start a mobile video streaming service as early as June, according to Bloomberg, citing a person familiar with the matter. Verizon plans to have programming from ABC (DIS), NBC (CMCSA), CBS (CBS) and Fox (FOXA) as part of the service, the report added. The Fly notes that Verizon has publicly confirmed previously that it plans to launch such a service, but has not provided many details to date.
07:54 EDTDISComcast may be forced to put content on Apple TV, NY Post says
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06:16 EDTDISAmerican Express to launch Plenti loyalty program this spring, WSJ reports
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March 17, 2015
13:06 EDTDISBattleground: Analysts take opposite sides on Netflix
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11:36 EDTDISApple may launch standalone TV in 2016, says Piper Jaffray
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09:10 EDTDISDISH announces four new A+E Network channels
Dish's (DISH) Sling TV announced that four A+E Networks’ channels -- A&E, HISTORY, H2 and Lifetime -- will be available in its “Best of Live TV” core package by the end of March. The company’s core package will remain priced at $20 per month. With this update also comes the introduction of two new add-on packs, “Lifestyle Extra” and “World News Extra,” each priced at an additional $5 per month. Sling TV will announce A+E Networks’ launch date and Video-On-Demand availability within the coming weeks. Sling TV plans to provide existing “News & Info Extra” subscribers with both the “Lifestyle Extra” and “World News Extra” for a total of $5 per month. A&E is jointly owned by Disney (DIS) and Hearst.
05:46 EDTDISApple set to launch online TV service this year, Financial Times reports
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March 16, 2015
10:44 EDTDISNetflix retreats after cut to sell on competition, cost concerns
The shares of Netflix (NFLX) are falling after research firm Evercore ISI downgraded the stock to Sell from Hold. Increased competition will force the company to increase its investments and the return from those investments is uncertain, the firm contends. WHAT'S NEW: In the U.S., technological advancements are enabling content providers to sell their programming to a wider range of Internet video distributors, Evercore ISI analyst Ken Sena wrote in a note to investors earlier today. Moreover, content providers themselves are now able to stream more of their programming online and obtain higher profits from doing so, Sena reported. The analyst noted that Apple (AAPL) recently obtained a three month exclusive deal to stream content form Time Warner's (TWX) HBO Now, while Yahoo (YHOO), Amazon (AMZN), and Hulu (DIS, CMCSA, NWSA) are all reportedly interested in obtaining streaming rights to "Seinfeld." Netflix's international expansion will not be sufficient to offset the increased competition, especially because foreign viewers are likely to watch less TV and be less interested in paying for TV content, the analyst believes. Furthermore, Netflix will face more competition from other Internet TV services overseas than in the U.S., according to Sena, who cut his 2015 consolidated operating income estimate for the company by 26% to $381M from $517M previously. In addition to cutting his rating, Sena lowered his price target on the shares to $380 from $450. PRICE ACTION: In early trading, Netflix sank $16, or 3.7%, to $422.
10:02 EDTDISOn The Fly: Analyst Downgrade Summary
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07:45 EDTDISDisney downgraded to Neutral from Buy at BTIG
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March 15, 2015
19:12 EDTDISDisney's 'Cinderella' takes top spot at domestic weekend box office with $70.1M
Rentrak (RENT) announced the official domestic weekend box office estimates for the weekend of March 15, as compiled by the company's theatrical measurement services. Disney's (DIS) "Cinderella" took the top spot at the domestic weekend box office with $70.1M: Warner Bros' (TWX) "Run All Night" took the second spot at the box office with $11M; 20th Century Fox's (FOX, FOXA) "Kingsman: The Secret Service" took third with $6.2M; Warner Bros' "Focus" took the fourth spot at the box office with $5.8M and Sony's (SNE) "Chappie" took fifth place with $5.8M.

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