10.08.2016 - Walt Disney's revenue increased by 9% per year
The stock price of Walt Disney shows a negative dynamics, despite the positive data for the third quarter of the fiscal year. Thus, the company's revenue grew by 9% to 14.28 billion dollars against 14.15 billion dollars forecast. Profit for the same period was 2.6 billion dollars against 2.48 billion a year earlier. The reason for the improved performance of the company was the increase in the box office and the opening of an entertainment park in Shanghai. We forecast a drop in prices in the near future, but maintain the medium-term positive outlook with growth potential by 15-20% per year.