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Top Earnings Today - Disney, Novavax, Inc And Priceline Stock

Commentary on ESPN will be the key driver of Walt Disney Co (DIS) stock after today's earnings.

Entertainment giant Walt Disney Co (NYSE:DIS) will report its third quarter earnings today, after the market close. Disney had released 'Guardians of Galaxies II' in the second quarter which fetched over $860 million worldwide. The company had also released 'Pirates Of The Carribean: Dead Man Tells No Tales" which grossed around $781 million worldwide and "Cars 3" which grossed around $286 million. While these numbers are impressive, Disney is facing tough year ago comparisons.

Disney's theme park segment has also been doing very well, especially its Shanghai Disneyland resort, which crossed the 10 million visitors mark much earlier than expected. During the conference call after Disney's second quarter earnings, CEO Bob Igor had this to say about the success "As the resort has become a true national destination in China, attendance is outpacing our most optimistic projections and the park’s performance is exceeding our expectations. The addition of the new Toy Story Land will only add to the park’s popularity and it’s just the first of several planned expansions in Shanghai". Investors will be expecting strong performance from the Studios and Theme Parks segments to make up for the headwinds its media segment is facing.

Disney stock has remained under pressure due to the strong headwinds faced by its Media segment, especially its ESPN franchise. Due to the recent trend of cord cutting, ESPN is bleeding subscribers. According to Nielsen, ESPN has lost more than 13 million subscribers in recent years, from a peak of about 100 million in 2011, to less than 87 million...


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