Disney Earnings: What to Watch
Walt Disney Co. (NYSE: DIS) is slated to report its fiscal third-quarter 2019 results after the market closes on Tuesday, Aug. 6.
The entertainment behemoth is going into the report on a strong note: Its movie studio is firing on all cylinders, it closed on the Twenty-First Century Fox acquisition in late March, it began rolling out a major new Star Wars attraction at its domestic parks, and it's preparing to launch its broad direct-to-consumer streaming service, Disney+, in November.
Driven by investor excitement about the company's evolving business along with first- and second-quarter results that were likely better than most investors were expecting, shares have returned 29.2% in 2019 through Aug. 2. The S&P 500 has returned 18.3% over this period.
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