SMI Sees Attendance Revenue Drop In Q1 Everfi Raises $190M Series D Funding Round StubHub Ends Q1 With Gains In Revenue, Sales CAA Expands Presence In China With New Deal SeatGeek Buys Software Company TopTix Blue Star Sports To Announce Acquisitions, Add Staff ISC Q1 Shows Uptick In Overall Revenue Sources: VF Selling Sports Group To Fanatics Angels P Talks Committing Future Earnings To Fantex Disney Chair & CEO Bob Iger Extends Contract
Upcoming Conferences and Events
May 31 - Jun 1
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).