Dow Jones Analysis: Stocks Rebound From Recent Losses as Disney Earnings Disappoint
2021-05-13 20:30:00
Brendan Fagan,
Earnings Talking Points:
Airbnb traded lower after the bell as the company posted a larger loss than expected
DoorDash shares rocketed higher after the bell as demand for food delivery remains high
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Disney reported mixed results for Q2, as earnings surpassed expectations, but revenues were lower than consensus estimates. Leading the disappointment was a miss on Disney+ subscribers, which came in at 103.6M vs. an estimate of 109M. CEO Bob Chapek painted a rosy picture for the future, highlighting the strength of the ESPN+ portfolio as well as the planned reopening of Disney parks nationwide.