Netflix got slammed by Wall Street. Is Disney next?
CNN
Wall Street was not kind to Netflix when the streaming giant released its year-end results last month. Weak financial guidance sent its stock tumbling. Is Disney+ — the other big name in streaming — about to take a similar beating?
Disney (DIS) is set to report first-quarter earnings on Wednesday and Wall Street's eyes once again will be on the growth of Disney+ — the most important part of the company's media empire. And this quarter will be even more closely watched than usual.
Disney is coming off an earnings report in November that showed its streaming growth had slowed in the fourth quarter. That sent Disney's stock down as much as 8.5% on the morning following the report. Its stock has also tumbled from a record high of $203 per share last March to $142 per share on Tuesday.
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