TwinsTalkStocks discuss Star Wars, ESPN and Disney’s 1st quarter earnings.
Disney reported its highest quarterly earnings in its history, propelled by Star Wars: Dark Force Awakens generating $2B at the box-office and $3B in merchandise sales.
1st quarter earnings jumped 32% to $2.9B. Earnings Per Share (EPS) was $1.63, up 28% from a year ago. The estimate was $1.45.
Cord-cutting of ESPN and higher programming costs at ESPN are hurting the stock.