JPMorgan slashed its earnings forecast for Disney and warned that further cuts could come in the future. The firm lowered its fourth-quarter earnings-per-share estimate to $0.95 from $1.05, citing increased spending ahead of Disney's streaming launch and the costly integration of Fox assets. The revision comes as Disney is preparing to release its direct-to-consumer streaming service on November 12. Watch Disney trade live. JPMorgan slashed its earnings forecast for Disney and warned...
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