Disney is on the move this morning on news its new Disney+ service launches today. Reportedly, the services will include hundreds of titles ranging from animated classics and Disney Channel programming to blockbuster films.
″[Disney is] going to launch with a lot of momentum,” analysts at Moffett Nathanson said, as quoted by CNBC. “They are tapping core Disney fans, Marvel fans, Lucasfilm fans.”
At the moment, DIS shares are up less than 1% to $138.10.
Dean Foods Co. (DF)
Dean Foods filed for Chapter 11 bankruptcy reorganization, intending to use the process to continue operations, address debt and unfunded debt obligations, and work toward a sale of the company. According to Fox Business, “The company said it is advanced talks for the sale of substantially all of its assets to Dairy Farmers of America, adding that any deal would be subject to higher or otherwise better offers in the bankruptcy case.”
Advance Auto Parts (AAP)
AAP is down at the moment after beating earnings, but missing on same-store sales.
Net income was up to $123.7 million, or $1.75 a share, from $115.8 million, or $1.56 a share year over year. Adjusted EPS was $2.10, which was four cents above estimates. Sales were up to $2.31 billion, beating expectations for $2.3 billion. While the company did reiterate its sales guidance to a range of $9.65 billion to $9.75 billion, it did lower its same-store sales outlook to a new range of 1% to 1.5% from 1% to 2%.