The Walt Disney Co. (NYSE:DIS) is expected to report Q2 earnings after the market close on Tuesday, May 11 with a conference call scheduled for 4:30 pm ET.
Analysts are looking for a profit of 46c on revenue of $8.39B. The consensus range is 41c-49c for EPS, and revenue of $8.16B-$8.6B, according to First Call. On May 7, the New York Times reported that executives at TV networks are optimistic that television ad revenues will increase for the 2010-2011 season due to rebounding demand. Disney's new studio chairman, Rich Ross, is changing the approach to movie budgets by becoming more fiscally restrained, the LA Times recently reported. The LA Times also said that attendance numbers for most Disney theme parks increased around the world in 2009, and the company may comment on it. In addition, analysts expect that the company's results will be given a boost from "Alice in Wonderland" and cutbacks at ABC News. Disney is also expected to comment on the sale of the Miramax label and Metro-Goldwyn-Mayer, as well as a possible subscription service for Hulu.