Logo

With Unusual Trading Before Earnings Announcement, Disney Is Investigating Leak of 4th-Quarter Results

Nov 12, 2010  •  Post A Comment

With trading in Walt Disney Co.’s stock plunging almost 5% in the half-hour before the company released fourth-quarter results, the company said Thursday it’s investigating a leak of the quarterly report, according to the Associated Press

Disney’s fourth-quarter results showed an unexpected profit decline, with revenue crimped by the shift of some revenue for ESPN to the third quarter and one fewer week in the period than a year earlier, the story says. It notes that the incident comes after a Disney employee pleaded guilty two months ago for trying to sell early access to profit reports.

"We are aware that information regarding our fourth-quarter earnings became available ahead of its formal release and we are investigating how this occurred," said Lowell Singer, Disney’s senior vice president of investor relations, on a conference call.

3 Comments

  1. A traders biggest enemy is his emotions. Every trader experiences fear and greed and this is the number one reason why most traders fail. I also found it very difficult to stick to my systems rules because I lacked discipline. In order to be a successful trader you need to be able to stick to your trading system and control your emotions. However as you probably already found out for yourself this is easier said than done. For me I found success in the Forex market when I switched from manual trading to automated trading using a EA system. Give this a try: forexfunnelsystem.info

  2. Keep focusing on your blog. I love how we can all express our feelings. This is an extremely nice blog here 🙂

  3. Love all the opinions expressed here! How is everyone? Love how everyone expresses whatr they feel 🙂

Your Comment

Email (will not be published)