Disney Shares Fall Lower After Earnings Report and Aurora Cannabis Shares Fall After Earnings and Cannabis Rally 📉

Disney Shares Fall Lower After Earnings Report and Aurora Cannabis Shares Fall After Earnings and Cannabis Rally

The Walt Disney Company

Last Friday, shares of The Walt Disney Company closed lower by 1.7%.

The media company’s shares closed lower after the company reported Q1 2021 earnings at the market close on Thursday. The company’s adjusted earnings per share (EPS) was $0.32 vs. -$0.43 as expected. The company also reported revenue of $16.2 billion vs. $15.9 billion as expected.

Disney reported subscriptions to their streaming service, Disney+, reached nearly 95 million subscribers. Last quarter, the company said Disney+ would have up to 260 million subscribers by 2024.

Disney closed parks and resorts last year due to the pandemic and suspended cruise ship sailings. The company has reopened some parks and will continue to reopen in 2021.

Shares of Disney are up over 35% in the past three months.

Aurora Cannabis

Last Friday, shares of Canadian cannabis producer Aurora Cannabis plunged, closing lower by 13.75%.

Shares of the cannabis producer closed lower after the company reported weaker than expected Q2 2021 earnings.

Aurora Cannabis reported net revenue of $67.7 million vs. $69.4 million expected an increase of 28% year-over-year. The company also reported strong consumer sales, growing 25%.

It is worth nothing Aurora Cannabis sold less recreational weed in the reported quarter than in any quarter since Canada legalized cannabis in October 2018.

Shares of Aurora Cannabis are up over 75% in the past three months.

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

Share:

More Posts

Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community.The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results.Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such.Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.