The Walt Disney Co. (DIS) is expected to report Q1 earnings after the market close on Tuesday, February 9 with a conference call scheduled for 4:30 pm ET.
GuidanceAnalysts are looking for a profit of 39c on revenue of $9.63B. The consensus range is 34c-51c for EPS, and revenue of $9.26B-$10.18B, according to First Call. Disney has wanted to sell its Miramax name and film library for months, reportedly valued at about $700M, and recently closed Miramax's offices and let go most of its remaining personnel. Disney is also said to be eyeing a stake in Bus Online, China's largest in-bus digital media and advertising company. During the quarter, Sean Bailey was named president of Walt Disney Studios Motion Picture Production following the departure of Oren Aviv. The Wall Street Journal reported that Hong Kong Disneyland narrowed its losses due to cost cutting and a slight increase in attendance.
Analysts and investors will listen for comments on ad revenue, as well as what's going on with Miramax. In addition, Disney may discuss the possibility of entering into a deal to provide movies and TV shows to Apple's (AAPL) iPad, which may eventually help earnings at its movie studio.
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