While Disney’s streaming division has seen losses, the powerhouse parks division is also worrying Wall Street
in the division. They are also unpopular with some customers, who complain they are being nickel-and-dimed and say the reservation system is restrictive, reduces flexibility and unnecessarily complicates visits.
Earlier this month, Disney’s fourth-quarter earnings report, which delivered weaker-than-expected revenue and profit,Operating income from the parks division was $1.5 billion, or about 18% below the $1.85 billion Guggenheim Securities LLC analysts told clients that Disney’s guidance for the next year had “smacked down the bull case on total company revenue and profit growth,” and the bank lowered its share price target from $145 to $115, based on the steep losses to streaming and “slower parks profit growth than previously forecast.” Shares closed Friday at around $99.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock rally on strong retail earnings, moderated Fed messagingA roundup of the week on Wall Street.
Read more »
Stock Market Today: What to WatchU.S. stock futures and oil prices fell as markets evaluated protests in China against Beijing's zero-Covid policy. Follow our live analysis:
Read more »
Saskatoon police warn public after reports of sexual assaults in BrightonTwo incidents were reported within about a week in the area of Dagnone Crescent. yxe
Read more »
Major medical emergency closes Powell Street BART station; Muni providing supportBART officials on Saturday morning confirm a major medical emergency has shut down the Powell Street station.
Read more »
WALL-E director Andrew Stanton talks getting the Criterion treatmentNearly 15 years after WALL-E earned acclaim and awards, Pixar pioneer Stanton reflects on his most ambitious, and personal, project
Read more »
BART Powell Street Station Reopens After Medical EmergencyBART Saturday morning reported a station closure at Powell Street in San Francisco due to a major medical emergency.
Read more »