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Thread: Disney faces tough fiscal third quarter - analysts - Forbes, 7/31/02

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    Disney faces tough fiscal third quarter - analysts - Forbes, 7/31/02

    Disney faces tough fiscal third quarter - analysts - Forbes, 7/31/01

    Analysts report that continued overall weakness in the nation's theme park industry ("Disney's single biggest profit engine"), coupled with expected disappointing results for its film and broadcast television business, will make for a rough third quarter for Walt Disney Co. Analysts are expecting Disney to post fiscal third-quarter earnings of 17 cents per share, or more than 40 percent below the year-ago figure of 29 cents.
    "One rare bright spot on the movie front has been Disney's summer animated film "Lilo & Stitch," which has grossed $134 million since it opened more than five weeks ago, said Jeff Logsdon, an analyst at Gerard Klauer Mattison."

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    The early reviews of "Signs" are tremendously positive--that should help studio figures next quarter.

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