Shares of Disney fell Tuesday after its latest "Star Wars" movie failed to bring the crowds and revenue analysts had expected for Memorial Day weekend.
The stock fell about 2.4 percent and is now down 8 percent for 2018.
The Disney-produced "Solo: A Star Wars Story"
"All else equal, this suggests the Star Wars movie is pacing close to breakeven, a 2% headwind for our Disney estimates," Crockett said in a note to clients Tuesday.
Last week, revenue forecasts had been as high as $150 million for the four-day debut of "Solo."
The movie marked the
The company paid $4 billion in 2012 to buy the franchise from Star Wars creator LucasFilm.
The recent box office weakness could be mitigated by an advertising lift from the upcoming seven-game NBA conference finals and strength in Disney's Marvel movies franchise, FBR's Crockett said.