In this episode, Johanna Botta dives into the anticipated earnings announcement from Disney. As Disney Plus ramps up and losses are expected to exceed $800M in the first quarter of 2020, investors are realizing its investments into the successful launch of its streaming channel may be weighing on the stock. In the case of Uber, investors are expecting its negative earnings to slow down and looking for increasing margins. Lastly, Caterpillar guided down 2020 EPS outlook by $2/share, which caused the stock to drop.
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Johanna Botta, Refinitiv