Disney missed earnings 49 cents versus 57 cents expected a -14.3% decline and revenue estimates $9.08 billion when compared to $9.13 billion expected.
The stock started at $43.10 on 10 May 2011 and closed at $43.91 after peaking to a $44.10. But in after hours trading the stock lost $1.06 or 2.41%.
Traditionally Disney stock rose always higher after the earnings report (whether beat or missed earnings).
No comments:
Post a Comment