Darkbeer
03-04-2003, 11:21 AM
Blue-chip stocks continue slide (http://biz.yahoo.com/cbsm-top/030304/c89a076cf2069c7c128899137a8183e8_1.html) - CBS MarketWatch, 3/4/03
QuikQuote: Analyst Jordan Rohan at SoundView Technology said Walt Disney (NYSE:DIS - News) may have to warn of an earnings shortfall for its fiscal second quarter as terrorism fears, war jitters, weak consumer confidence and bad weather have negative impacted the company's entertainment parks division.
Rohan believes that revenue for Disney's parks and resorts division will be down 5 percent from last year, and attendance will be down in the "high single-digit" percentage range. He cut his fiscal second quarter earnings estimate to 10 cents a share from 14 cents, but maintained his "neutral" rating and $17 price target.
QuikQuote: Analyst Jordan Rohan at SoundView Technology said Walt Disney (NYSE:DIS - News) may have to warn of an earnings shortfall for its fiscal second quarter as terrorism fears, war jitters, weak consumer confidence and bad weather have negative impacted the company's entertainment parks division.
Rohan believes that revenue for Disney's parks and resorts division will be down 5 percent from last year, and attendance will be down in the "high single-digit" percentage range. He cut his fiscal second quarter earnings estimate to 10 cents a share from 14 cents, but maintained his "neutral" rating and $17 price target.