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DIS

A Flurry Of Earnings Results

Market participants are looking for a fourth-straight "up" week today, as the final trading day sees futures up across all major American indexes. It does not appear equities trading is factoring in anything like a tax bill failure to passage, regardless of headlines concerning Florida Senator Marco Rubio to the contrary.

21st Century Fox FOXA looks to have a good start to the weekend, with not only a $52.4 billion buyout deal on the table from Disney DIS but a new Star Wars movie, "Star Wars: The Last Jedi," hitting theatres today around the world. Some calculate this - reportedly the most favorably-reviewed Star Wars epic since "The Empire Strikes Back" - to be one of the strongest grossing films of all time, right out of the gate.

The film, budgeted at an ungodly $200 million, also looks to foster a gigantic merchandising industry, which may bring a cool $3 billion in Star Wars-related products alone. And because the Disney deal is unlikely to take place soon - the companies themselves self-imposed a 12-18 month span - Fox shareholders should reap the rewards in the meantime.

Escape to Earnings Island

Each quarter, there is a strange bit of business where a few key names in the S&P 500 report quarterly earnings - outside the heavy traffic of "official" earnings season - and yesterday after the closing bell was one of those days:

Although Oracle ORCL beat earnings in its fiscal Q2 2018, weaker-than-expected results from its cloud business has helped sell off Oracle shares in the pre-market roughly 5% at this hour. For more info on ORCL's earnings release, click here.

Zacks Rank #2 (Buy)-rated Adobe Systems ADBE beat estimates and raised guidance, on strength in its Digital Media Solutions business, which rose 29% year over year. For more info on ADBE's earnings release, click here.

Costco's COST fiscal Q1 2018 kicked off the new term on the right foot, topping earnings estimates by a penny on better-than-expected sales in the quarter. Revenues grew more than 13% year over year. For more info on COST's earnings release, click here.

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Walt Disney Company (The) (DIS): Free Stock Analysis Report

Oracle Corporation (ORCL): Free Stock Analysis Report

Adobe Systems Incorporated (ADBE): Free Stock Analysis Report

Twenty-First Century Fox, Inc. (FOXA): Free Stock Analysis Report

Costco Wholesale Corporation (COST): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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DIS COST ORCL ADBE

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Earnings Economy