Wall-E fails to boost Disney stock

Leah Zanolla | Posted: Jul 1, 2008 | Updated: Oct 19, 2014 - 9:25:27 AM

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"Wall-E's" $63.1 million take at the box office did not translate into higher stock earnings for Disney. Following the movie's debut, Disney stock went down to $31.20, a 37 cent loss.

While "Wall-E" was the top box office draw this weekend, it did not generate the revenue of "Finding Nemo" or "The Incredibles" which earned over $70 million in their first weekend of release.

Anaylsts point to an overall downturn in the media industry being responsible for Disney's latest stock results. Viacom is down by 30%, Time Warner by 10.4%. In comparison, Disney is down by only 3.3% this year but part of this is that it is more diversified than other media entities.

Wall Street is keeping a watchful eye on Disney's theme parks and how they fare with current economic conditions.

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