The Week Ahead: Second-Quarter Earnings Calls Continue
We're watching for Disney, Uber, and others this week.
It's a busy week on the earnings front, with many companies reporting, including 3-star Walt Disney (DIS) on Tuesday. In late March, the company acquired Twenty-First Century Fox, which includes Hulu, and it is looking to launch Disney+ later this year, hopeful to take a stake in the digital streaming industry. Wynn Resorts WYNN, with 4 stars, will also report on Tuesday.
Uber (UBER), the newly public ride-sharing company, will report earnings on Thursday. This is a hotly anticipated checkup after the company went public on May 10 and had a price drop of 11% in the first day, setting a record for U.S. markets. A spotlight is on the company after it also reported dismal first-quarter losses, two employees stepping down in the C-suite at the beginning of the summer, and, recently, that the marketing department would cut a third of the personnel.
Gabrielle Dibenedetto does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.