Disney is leaning back

The shareholders of the Walt Disney Company (NYSE: DIS) have every reason to be disappointed with the company's latest quarterly report. The main negative point of this release was the end of profit growth, which previously pushed the company's shares to a record high.
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The Mickey House shares experienced its worst session almost four years after the company failed to live up to its earnings predictions for the quarter that opened the most anticipated theme park attraction in the company's history. The shares eased by almost 5%, although the company partially recouped the losses, completing trading at $ 137.89.
The corporation's US fleet revenue dropped in the fourth quarter after the opening of the Star Wars: Galaxy's Edge theme zone in Anaheim, California, which failed to attract enough visitors by pulling the segment down. Another disappointment was the poor performance of the film division.
Despite the releases of Avengers: The Finale (the highest-grossing film in history), as well as Aladdin and Toy Story 4, this division didn't live up to expectations. The Dark Phoenix (a Marvel universe movie included in Fox assets (acquired for $ 71 billion) failed at the box office, which forced the company to write off funds.
Technically, failure within one quarter should not substantially change Disney's position: the company showed steady momentum last year when CEO Bob Iger quite successfully implemented a plan for its recovery. Disney shares are trading 26% higher than the start of the year, overtaking even the S&P 500 with a 16% gain.
Nevertheless, investors are worried that Disney is losing ground on the verge of implementing one of the most ambitious growth plans in its history. The company is providing capital slowly for the fight for subscribers who have switched to streaming services such as Netflix (NASDAQ: NASDAQ: NFLX).
Earlier, the company warned that 2019 would be financially challenging, as the company is making serious efforts to integrate 21st Century Fox assets. Disney is also creating its content for the Disney + service, which is scheduled to launch on November 12.
The analytics consider Disney a powerful brand with excellent growth potential. The company will offer its streaming service at a very competitive price, and it will be difficult for consumers to ignore Disney +, which would give the diverse content. Against this backdrop, the Disney stock pullback has provided an ideal buying opportunity for those who have to stay aside.
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