Diamonds and Dogs
The Walt Disney Company (DIS)
Disney is making its investors sing and dance today, up 7.60% to $101.25. The entertainment company saw its shares pop as the movie 'Frozen' boosted earnings. Disney said its first quarter earnings grew by 23% to $1.27 per share versus $1.03 per share a year ago. Analysts were expecting $1.10 per share for the quarter.The demand for "Frozen" dolls, toys, and related products was a big factor in the 22% increase in revenue for Disney's consumer products segment to $1.4 billion for the quarter. Total revenue for the quarter was up by 9% to $13.4 billion versus $12.3 billion for the 2014 fiscal first quarter. The great quarter lead shares of Disney to climb over $7.20 and hit a new 52-week high of $101.94 intraday.
Ralph Lauren Corporation (RL)
Ralph Lauren is not looking good today, down 17.83% to $140.37. The life style product company saw its shares get crushed after missing on earnings. Ralph Lauren management announced that net income fell to $215 million, or $2.41 per share. Missing analysts' estimates of $2.52 per share, and missing last year's net income of $237 million or $2.57 per share. The miss on earnings caused shares of the company to fall over $30.00 to a new 52-week low of $140.00.