Happy earnings season.
Disney+ Is Just Around the Corner
Disney reported revenue of $15.3 billion, topping analyst estimates of $15.05 billion, on adjusted earnings of $1.84 per share, better than the $1.55 analysts expected.
The company is Real Money’s stock of the day.
Jim Cramer talked about ESPN+ and Disney+ and what they mean for Disney going forward.
Check out more coverage on Disney over on Real Money:
Disney announced on its earnings call Tuesday night that it will be showing off Disney+ when it meets with analysts April 11.
Spotify’s Push Into Podcasts
Spotify released earnings that disappointed investors Wednesday morning.
The streaming company missed revenue expectations and provided light 2019 guidance.
The company also announced that it acquired two podcast companies: Gimlet Media and Anchor.
So, what does that mean for Spotify? Here’s what Jim Cramer thinks after his interview with CEO Daniel Ek.
Red Dead Couldn’t Redeem Take-Two
Take-Two Interactive posted net income of $179.9 million, or $1.57 a share, up significantly from $25.1 million, or 21 cents a share, a year earlier. However, Take-Two also said it received a $108.7 million tax benefit in the quarter related to deferred tax assets, reported TheStreet contributor M. Corey Goldman.
Looking forward, Take-Two said it it expects fiscal fourth-quarter earnings of 67 cents to 77 cents a share on net revenue of $530 million to $580 million. Analysts were looking for profit of 84 cents a share on sales of $609 million.
Apple Loses its Head of Retail
Apple’s retail chief Angela Ahrendts is leaving the company in April “for new personal and professional pursuits,” the tech giant announced after the bell on Tuesday, reported TheStreet’s staff.
Disney and Apple are Action Alerts PLUS holdings.
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