Today’s Research Reports on Stocks to Watch: Disney and Activision

Disney shares were modestly down in Thursday’s trading but pulled back and saw some gains in after-hours trading as the Company reported impressive fourth quarter results. Activision wasn’t as fortunate. The company tanked yesterday despite a solid third quarter report as traders focused more on guidance which came in below expectations.

RDI Initiates Coverage on:

The Walt Disney Company

Activision Blizzard, Inc.

The Walt Disney Company shares were down modestly in Thursday’s session, closing the day down 0.90%. The stock took those losses back in after-hours trading with a gain of 1.86%. The company reported fourth quarter financial results and provided an update on its acquisition of 21st Century Fox. Disney reported earnings per share of $1.48 on revenue of $14.31 billion while analysts were waiting for earnings per share of $1.33 and revenue of $13.72 billion. CEO Robert Iger said on the earnings call, "We’re pleased with our results in Q4, delivering a strong finish to fiscal 2018. Adjusted for comparability, earnings per share were up 38% for the quarter and 24% for the year. " He added, "With regard to our acquisition of 21st Century Fox, we just received EU regulatory approval this week, another major milestone in the process and we’re optimistic about securing the necessary approvals from the territories that remain. Last June, we estimated it could take up to 12 months for the transaction to close, but we are increasingly optimistic, it will be meaningfully earlier than that. As I’ve said numerous times, the value of the portfolio of recognized brands and world-class content we’re acquiring is impressive, as is the wealth of executive talent at 21st Century Fox, many of whom will hold key positions in the combined Company."

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Activision Blizzard, Inc. shares were sinking to close down 3.53% on Thursday and continued their descent with an additional 9.86% in losses in after-hours trading. The video game publishing company reported third quarter earnings that were better than expected but traders were more concerned about the company’s guidance. Activision reported 52 cents a share in profit and revenue of $1.66 billion. Looking ahead, the company expects $3.05 billion in revenue for the fourth quarter. Analysts were expecting revenue of $3.06 billion. Earnings per share is expected to be $1.06 while analysts were waiting for $1.34. The company behind "Call of Duty: Black Ops 4", also reported 345 million monthly active users which was a drop from the 352 million seen in the second quarter.

Access RDI’s Activision Blizzard, Inc. Research Report at:

Our Actionable Research on The Walt Disney Company (NYSE: DIS) and Activision Blizzard, Inc. (NASDAQ:ATVI) can be downloaded free of charge at Research Driven Investing.

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