An expanded array of narrative characters and creative content on the one hand and building additional parks and resorts on the other is keeping Disney’s brands and franchises moving in the right direction. The company built “Star Wars” – themed lands at its original Disneyland in Anaheim, California, and Disney Hollywood Studios in Orlando, Florida, in one of the largest expansions in its history.
Third-quarter earnings rose 11% to $2.5 billion or $1.45 per diluted share. Revenue rose 5% to $13.1 billion following the acquisition in 2002 of Marvel Entertainment LLC and ongoing TV rights contracts with Netflix Inc (NVLX). The latter competes with Hulu LLC, another over-the-top broadcast networking firm owned by Disney, media giant NBCUniversal Inc (CMCSA), and film and cable TV operator Fox Entertainment Group Inc (FOX).
For its fourth quarter analysts expect earnings of $1.17 to $1.13 per share on revenue of $13.50 billion. The company’s average stock price analyst estimate is $95.36. Many investors gain diversified exposure to Disney by investing in the Consumer Discretionary Select Sector SPDR ETF (XLY), which holds 7.3% of the stock.
Insider buying in the week of August 7 declined to $6.83 million of stock compared to $87.6 million during the previous week. Selling increased to approximately $522.48 million of stock compared to $373.29 million a week earlier.
Petroleum shipping company Dorian LPG Ltd (LPG) received stock purchase returns from Scorpio Tankers Inc (STNG) after Scorpio sold 3.39 million shares to Sino Energy Holdings LLC for $16.16 per share. LPG posted first-quarter profit of $13.7 million or 24 cents a share on revenue of $35.6 million.
Active traders also were real estate company Ryman Hospitality Properties Inc (RHP), cyber security provider FireEye Inc (FEYE) , and medical devices firm DexCom Inc (DXCM).
Markets sure want to see a better picture than companies reporting earnings down -2.3% from the same period last year and revenue down -4.2% lower. That is the total profit of companies on the S&P 500 year to date as of August 9.
Many investors gained more than 20% within 30 days of short sales in the latest quarter. Such profits came in from software provider Automated Data Processing Inc (ADP), and online retailers Etsy Inc (ETSY) and JD.com Inc (JD).
In the U.S. most recent unemployment rate hovered around 5.50% this year returning from higher levels during the first half of 2008. Between 2008 and early 2012 unemployment jumped above 9% as technology companies eased back with innovations. Furthermore, there were more businesses that reshuffled domestic and international concept, human resource, and operations.
Mostly longer life expectancy is retaining hold of jobs in the health care industry, just as in social assistance and education. More graduates in the financial services industry have started up new companies or been working as self-employed professionals. Farmers gained from government funding and self-employment.
Pending retirement of the baby-boomer generation, the U.S. continues to be world’s largest national economy with GDP of $17.84 trillion as of second-quarter 2015 or 22% of nominal global countries’ product and 17% of global purchasing power product.