Disney Tops Fiscal Q4 Earnings Estimates With Strong Theme Park Results

By | Thursday November 7, 2013 @ 1:21pm PST

The basic numbers look fine but investors may find reasons to be concerned by Disney‘s unusually complicated report for a quarter that included a writedown for The Lone Ranger and an accounting adjustment that reduced ESPN revenues. The … Read More »

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Disney Fiscal Q3 Revenues Miss Analyst Forecasts As Studio Results Slip

By | Tuesday August 6, 2013 @ 1:20pm PDT

The report isn’t terrible; shares are fairly flat in after-market trading. Still, Disney’s results will raise questions about growth prospects for film and ABC. The company reported net income of $1.85B for fiscal Q3, nearly flat with last year, on revenues of $11.58B, +4.4%. Read More »

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Disney Fiscal Q2 Earnings Top Estimates As Stock Hits New High

By | Tuesday May 7, 2013 @ 1:21pm PDT

Shares closed at a record $66.07, but are fluctuating up and down after hours following the release of a generally upbeat report for the first three months of 2013. Disney reported net income attributable to shareholders of $1.51B, +32% … Read More »

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Disney Shares Hit After It Warns Of Potential Problems In Upcoming Earnings

By | Friday November 9, 2012 @ 1:14pm PST

Disney shares fell nearly 6% today, to $47.06, as investors responded to the company’s warning that it likely will report uninspiring earnings for the last three months of 2012. CFO Jay Rasulo says the company will be hit by “few timing and comparability issues” in the quarter — although when it comes to the entire year ”overall, we feel great.” Some analysts remain wary. Janney Capital Markets’ Tony Wible downgraded the company to “neutral” noting that the stock is already expensive — it appreciated 40% over the last 12 months. What’s more, the issues that Rasulo cited coincide with a relatively weak ad market and stock dilution from Disney’s acquisition of Lucasfilm. “We see greater potential for modeling errors over the coming quarters,” Wible says. Barclays Equity Research’s Anthony DiClemente also wonders whether a few of the company’s issues “may be ‘trending’” problems, not just timing ones. But RBC Capital Markets’ David Bank is more optimistic saying that while the next quarter may look dreary “we don’t think the trends will persist much beyond that period.”

Related: Disney Matches Fiscal Q4 Earnings Estimates But Falls Shy On Revenues Read More »

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Disney Beats Fiscal Q3 Earnings Forecasts But With Light Revenues

By | Tuesday August 7, 2012 @ 1:26pm PDT

The basic numbers look pretty good — Disney says earnings hit a record high –with Parks and Resorts the star operation in the quarter that ended in June. The company reported net income of $2.0B, +22.4% vs the period … Read More »

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UPDATE: Disney Sells Out Oscar Ads, And Moves To 28-Day Delay For Rental DVDs

By | Tuesday February 7, 2012 @ 3:25pm PST

UPDATE, 3:35 PM: CEO Bob Iger seemed more relaxed and feistier than usual in today’s earnings call with analysts. He called the ad market “healthy” — with all spots sold out for the upcoming Academy Awards broadcast. He wouldn’t comment on reports about ABC’s talks to create a news channel with Univision, although he says that Disney has “an interest in seeing that ABC News has an opportunity to flourish.” But he also acknowledged that he’s scratching his head over some recent industry initiatives. Iger says that he’s ”still not sure I understand” what Verizon and Redbox have planned for their just-announced streaming service. He added that Disney is ”in discussions” to change its DVD and Blu-ray release policy to wait 28 days before selling discs directly to discount rental services such as Redbox and Netflix. Up to now Disney didn’t think that a delay would have much impact on disc sales, but he says that “the industry has continued to suffer on the sell-through side.” Yet Iger sounded frustrated by another initiative to promote disc sales: giving  disc buyers the additional opportunity to stream movies to mobile devices. Disney has its own program, called Key Chest. Iger says, though, that ”we haven’t rolled out Key Chest as much as we hoped.” Meanwhile he’s “taking and wait-and-see” on joining other studios that support the UltraViolet streaming program. Iger says he’s “not sure it has proven to be as robust as we expected, or as consumer friendly as we had hoped.” Read More »

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Disney Beats Fiscal 4Q Estimates With Strong Results At ESPN And Theme Parks

By | Thursday November 10, 2011 @ 10:58pm PST

The company reported net income of $1.1B, up 30% vs the period last year, on revenues of $10.43B, up 7%. That comfortably beat Street forecasts for revenues of $10.36B. Earnings, at 58 cents a share, also topped predictions of 54 cents … Read More »

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Iger: Disney Monitoring Recession Indicators But Sees No Consumer Impact Yet

UPDATE, 3:10 PM: CEO Bob Iger told analysts that Disney hasn’t seen much change in consumer spending plans as a result of the stock market gyrations and recession talk over the last few days. He Read More »

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