- JPMorgan slashed its earnings forecast for Disney and warned that further cuts could come in the future.
- The firm lowered its fourth-quarter earnings-per-share estimate to $0.95 from $1.05, citing increased spending ahead of Disney’s streaming launch and the costly integration of Fox assets.
- The revision comes as Disney is preparing to release its direct-to-consumer streaming service on November 12.
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JPMorgan slashed its earnings forecast for Disney and warned that further cuts may come in the future as the company rolls out its streaming platform.
The bank said it now expects Disney to generate $0.95 read more >>>