Is Disney Stock Still a Buy After Missing Subscriber Estimates?
Walt Disney (NYSE: DIS) ended the fiscal second quarter with 103.6 million subscribers on its Disney+ streaming service. While that's more than double the total reported in the year-ago quarter, analysts expected Disney+ to finish the quarter with 109 million subscribers.
The stock initially sold off sharply after the earnings report and is currently down 4.3% year to date. Investors are probably wondering if the House of Mouse is still a good investment.
Here are four important points from the earnings call that suggest Disney is doing fine and could make the sell-off a good buying opportunity.
Source Fool.com