Disney Earnings Error Prompts Investors to Sell
Walt Disney’s earnings results were accidentally distributed 15 minutes before the close of the New York Stock Exchange, which prompted a quick decline in stock price of more than four percent. According to the Wall Street Journal, a company official told analysts on a call that they “are investigating how this occurred.”
The Wrap and Business Insider reported receiving the release early. The company announced a 6.7 percent profit decline.
Scott Mozarsky, EVP and chief commercial officer with PRNewswire, has been keeping up with the news.
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