Economy on 10.08.2023...
Disney figures mixed, market continues schwach—ïž
Yesterday, Walt Disney has delivered the figures after trading hours. First it went down just under 2% but around 23 o'clock Disney was then at just under 3% in the plus.
$DIS
The Walt Disney beat analyst estimates of $0.99 in the third quarter with earnings per share of $1.03. Revenue of $22.33 billion below expectations of $22.49 billion.
They did manage to increase profits a bit, but missed expectations on revenue. If you look a little deeper, you can see that Disney+, continues to lose subscribers (but only just under 3 million). The areas of "Media & Entertainment" and "Direct to Consumer" are also not running completely smoothly. In the area of Parks & Experiences, however, Disney was able to make good gains and significantly increase sales compared to the previous year.
So the parks are doing well but the media and streaming business is somewhat stagnant. Many of the films that were produced are also not yet in theaters, or not yet included in the figures. Also, at the end of the summer (although in Germany it has already been 3 weeks), many new series of the big brands are coming to Disney+. That you do not want to bring them live in the middle of the summer is clear, so it is important here to look at the forecast and then the next numbers. So it wasn't a huge disappointment at first, but it wasn't a complete surprise either. It continues to run sluggishly with a tendency upwards. I will definitely remain invested here and continue to look at it. Another tranche is still ready if necessary.
How do you see Disney positioned for the future?
Let's look at the rest of the trading day. After all, the market seems to still be in a summer mood and is still on vacation. Today for me especially the $MUV2 Munich Re interesting.
Economic data
14:30
- US: Initial jobless claims (week) PROGNOSIS: 230,000 previously: 227,000
- US: Consumer Prices July PROGNOSE: +0.2% yoy/+3.3% yoy previous: +0.2% yoy/+3.0% yoy Core Consumer Prices PROGNOSE: +0.2% yoy/+4.8% yoy previous: +0.2% yoy/+4.8% yoy
- US: Real income July
22:05
- UK: MSCI, quarterly index review
No time stated
- AT: Opec monthly oil market report
Quarterly figures / corporate dates USA / Asia
12:40 Alibaba quarterly figures
22:15 News Corp quarterly figures
Quarterly figures / Company dates Europe
06:45 Hellofresh | Zurich Insurance | Basler
07:00 Allianz | Ceconomy | Deutsche Telekom
07:00 Evonik | K+S | Knorr-Bremse | LEG Immobilien
07:00 RWE | Siemens | SMA Solar | Thyssenkrupp
07:00 Vitesco | Wienerberger | Aareal Bank
07:00 Deutsche Pfandbriefbank | Grenke
07:00 Hamborner Reit | Knaus Tabbert
07:30 Compugroup Medical | Gea Group | Henkel
07:30 Munich Re | Rheinmetall | Novo Nordisk
07:30Aurelius Equity Quarterly Figures
07:30 Bike24 | Deutz | GFT Technologies
07:30 Hapag-Lloyd | Indus Holding | Instone
07:30 Mutares | SAF-Holland | MLP Quarterly Figures
07:45 Jungheinrich | Zeal Network | Eckert & Ziegler
08:00 Cancom | PNE AG | Deutsche Beteiligungs AG
08:00 Leifheit | Secunet Security | Westwing
08:00 Deliveroo Quarterly Figures
08:30 Helma Eigenheimbau Quarterly Figures
11:00 Medigene AGM
18:30 Metro Quarterly Figures
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