Disney revenue falls short as streaming business suffers

(Reuters) – Walt Disney Co fell short of Wall Street estimates for quarterly revenue on Wednesday, weighed down by slowing growth in its video streaming business as competition intensifies.

Revenue rose to $18.53 billion in the fourth quarter from $14.71 billion a year earlier. Analysts had expected $18.79 billion, according to IBES data from Refinitiv.

(Reporting by Nivedita Balu in Bengaluru; Editing by Sriraj Kalluvila)

The post Disney revenue falls short as streaming business suffers appeared first on Morningology.

Could these stocks jump this week?

How would you like a 7-figure trader to send you his stock watchlist every Sunday? Many traders spend 5-10 hours minimum every week looking for stocks that could spike. Put in your email below and you’ll automatically get the hottest 3-5 stocks to watch every week. That’s up to 260 opportunities per year at no charge.

Legendary penny stock trader, Tim Sykes, went from school to now a featured guest on the Steve Harvey Show, Larry King LIVE and others. Yet, only in his best-selling book, An American Hedge Fund, is it revealed how he turned his bar mitzvah money into over $4.5 million in trading profits. Put in your email below and get your free copy.

Trading isn’t luck and you aren’t born with the skills. I believe it only takes hard work and discipline to trade full-time. If you’re are willing to accept that, you’re ready to apply (free) to my world-renowned Trading Challenge. Put in your email to get complete details. It doesn’t cost a penny.

Hot Topics