Walt Disney Co.'s Fiscal 2017: What Investors Should Know
As Walt Disney's (NYSE: DIS) ESPN subscribers continued to tumble and Disney faced off against tough comparisons for its studio entertainment segment, the company's fiscal 2017 was challenging, marked by 1% and 6% year-over-year declines in revenue and operating income, respectively.
Though management kept promising a better future for ESPN and even shared plans for aggressive new streaming services, investors struggled to fully embrace the optimistic outlook. Since Disney reported its fourth-quarter and full-year results for fiscal 2016 last November, the stock has gained only 5%. In the same period, the S&P 500 climbed a much higher 19%.
Here's what investors should know about Disney's fiscal 2017 and what to look for in the coming quarters.
Source: Fool.com
Walt Disney Co. Stock
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