Sports Owners Investing In Tech Startups Players' Tribune Gets $40M In Series C Funding Montana Invests In Group Messaging Platform Movie-Ticket Sales Hit Record Mark In '16 Nike Beats Analysts' Q2 Expectations Nike's Stock Posts Underwhelming Yearly Results Strivr Labs Announces $5M Round Of Funding Sportradar Rolling Out New Accelerator Program VF Corp. Mum On Majestic Sale To UA Could Disney Really Let Go Of ESPN?
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).