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Streaming Services, Fox Assets And More On The Table For Today's Disney Earnings

DATE POSTED:November 8, 2018

Walt Disney Company (NYSE: DIS) reports fiscal fourth-quarter earnings after market close on Thursday, Nov. 8. 

For the quarter, DIS is expected to report adjusted EPS of $1.34, up from $1.07 in the prior-year period, on revenue of $13.73 billion, according to third-party consensus analyst estimates. Revenue is projected to grow 7.5 percent year over year. 

Of the $13.73 billion estimate for this quarter, analysts project $5.71 billion in revenue from the Media Network segment, $5.08 billion from Parks and Resorts, $1.78 billion from Studio Entertainment and $1.16 billion from the Consumer Products and Interactive Media division.

Over the course of the quarter, the company has continued to make progress on its acquisition of entertainment assets from 21st Century Fox (FOXA). The latest update was Tuesday when the European Commission granted conditional approval, provided DIS divests of certain TV assets, such as A+E Television Networks and the History Channel. DIS already got approval from the U.S. Justice Department in June, which included the condition that it sell Fox’s regional sports networks. 

Since CEO Bob Iger spent almost all of his time on last quarter’s earnings call discussing the rationale and strategy behind the acquisition, he might focus more on the company’s plans post-acquisition. DIS did just announce specific FOXA film executives that would join its Studio Entertainment management team, pending the closing of the acquisition. 

The Studio Entertainment division has been a driver of DIS’ top and bottom-line growth in recent quarters. In its most recent report, the segment grew the fastest and was up 20 percent year over year to $2.88 ...

Full story available on Benzinga.com