Disney's cable issue; Lumber Liquidators melts; Priceline pops
Here are some of the stocks the Yahoo Finance team will be watching for you today...and we again focus on corporate earnings.
Walt Disney Company (DIS): The entertainment giant's second quarter earnings topped analysts' forecasts, but revenue came in light. And while movies such as Avengers: Age of Ultron helped increase its studio revenues, the company's cable division --including ESPN-- disappointed. And Disney is reducing its full-year profit forecast for the unit because of a decline in subscribers and the strong dollar.
Time Warner (TWX): The owner of CNN and other cable channels easily exceeded profit and revenue forecasts in the quarter. Time Warner says operating income gains at the Turner and Warner Brothers divisions offset a slight decline for HBO. The company adds it got a big boost in revenue from its new deal to have certain programming streamed on Hulu.
Dish Network (DISH): The satellite TV provider had a big beat on earnings in the quarter...and revenue also topped estimates. However, Dish says it lost subscribers at almost double the rate of last year as it had contract battles with Time Warner and 21st Century Fox (FOX).
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Lumber Liquidators (LL): The flooring retailer had a big loss in the second quarter...analysts had been looking for a slight profit. And revenue missed as well. The company blames the decline on a CBS (CBS) News' "60 Minutes" report in March which suggested Lumber Liquidators' flooring from China had high levels of cancer-causing formaldehyde. The firm denies the charge, but has pulled sales of those products.
Activision Blizzard (ATVI): The maker of video games such as the Call of Duty series blew the doors off profit and revenue estimates in the period. Activision says both its audience and the time they spend playing the company's games increased...and Activision is raising its earnings and revenue forecast for the full year.
Priceline.com (PCLN): The name your own price travel site that uses Star Trek actor William Shatner in its ads had a much better than expected profit in the period...while revenue was a touch above estimates. Priceline points to big gains in hotel and rental car bookings..and saw an increase in its international business despite headwinds from the strong dollar.
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