Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Markets & Finance

Goldman Lowers Disney Rating

Goldman Sachs lowered its investment rating on Walt Disney (DIS) to market perform from market outperform.

Analyst Richard Simon says the downgrade was made because of an anticipated decline in the entertainment giant's fiscal year 2002 earnings per share and the lack of a sustainable near-term catalyst.

He noted that the company will report fiscal year 2001 earnings on Nov. 8 and expects the company to provide first general fiscal year 2002 guidance. He notes that on Sept. 25, he lowered fiscal year 2001 earnings per share estimates to $0.74 from $0.78 to account for estimated impact of Sept. 11 events. Despite box office success of Monsters Inc., fiscal year 2002 earnings per share are under particular pressure at Disney World and the broadcasting division, he says.

blog comments powered by Disqus