Disney Stock Defies Ho-Hum Earnings
Walt Disney (NYSE: DIS) is making waves. The media giant spiced up its latest financial report by announcing that it will roll out its own consumer-to-direct streaming video service by early next year, a move that dealt an initial hit to Netflix (NASDAQ: NFLX) as a popular hub of Disney content.
The fiscal third-quarter results were newsworthy, too, even as the top- and bottom-line results came in flattish. Revenue of $14.238 billion was just 0.3% lower than a year earlier, and adjusted earnings of $1.58 a share were 2% less than a year earlier.
Image source: Disney.
Source: Fool.com
Netflix Inc. Stock
€622.10
-2.190%
Currently there is a rather positive sentiment for Netflix Inc. with 81 Buy predictions and 6 Sell predictions.
As a result the target price of 650 € shows a slightly positive potential of 4.48% compared to the current price of 622.1 € for Netflix Inc..
