Oops! Disney's Earnings Released Early, Triggering Selloff

[BilltM]

http://www.thewrap.com/media/column...s-release-sent-early-triggering-selloff-22459

Good news is that today Disney is up 5+% as of 11:00 a.m. EST.


The reason: "The fourth-quarter results from the Walt Disney Co. (DIS) missed consensus estimates, coming in with an EPS ex-items at $0.45 versus the forecast of $0.47. Revenue missed too, at $9.74 billion versus $10.02 billion. So with more misses than a rock star has groupies, why is Disney trading up? On the call the company said its California theme park will rival Orlando once new attractions are complete. Couple that with two additional ships launching on the cruise line and Marvel developing two new TV series and two new movies next summer, and you see why the outlook is stronger than was expected."

 

[mikelan6]

I could never understand share price. I just hold on to my stock and look every once in a while.

 

[BilltM]

I could never understand share price. I just hold on to my stock and look every once in a while.

the (very) basic idea around share price is the companies earning potential but more importantly the companies ability to increases future earnings.