Warriors Ownership Invests In Apparel Brand Wilpon Invests In E-Sports Company Skillz Iger To Lead Chargers/Raiders Stadium Project Disney's Iger Bullish On ESPN Adidas Q3 Profits Up 10% Leonsis, Cuban, Jordan Reach Deal With Sportradar Jury Rules Against GSP In KPMG Lawsuit Callaway Raises Full-Year Earnings Forecast Nike Projects $50B In Revenue By '20 Daytona Rising Dents ISC Q3 Revenue
Published June 24, 1998
UBS Securities analyst Ed Hatch lowered his earnings estimate for Disney stock from $3.15 to $2.96. Merrill Lynch's Jessica Reif cut her profit forecast from $3.10 to $3. The analysts' "shift" has pushed Disney's stock price down $5 since last week. The stock closed yesterday up $1 to $109.75. In N.Y., Phyllis Furman writes, "Despite the downgrades, analysts said yesterday that Disney remains one of the premier entertainment companies whose earnings should grow by at least 16% this year" (N.Y. DAILY NEWS, 6/24). ...SportSite.com, an online sporting goods store, has closed a $5M financing round with venture capital firms J.H. Whitney and Draper Fisher Jurvetson (SportSite.com).