Disney shares sink despite earnings beating forecasts
Shares in media and entertainment giant Walt Disney (DIS) fell 6% despite the firm posting forecast-beating Q1 sales and earnings. Instead, investors focused on rising costs and a potential hit to earnings as foreign tourists desert its US theme parks. Share price: $106 (-6%) PE: 20x Market cap: $190bn Yield: 1.2% MOUNTING COSTS For the … Continue reading Disney shares sink despite earnings beating forecasts
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