Walt Disney Co. (NYSE:DIS) CEO Philippe Gas stated: “We are pleased with the strong launch of our 20th Anniversary celebration which has helped us drive 4% revenue growth in Q3, in a still uncertain economic environment. Guest satisfaction for Q3 was up 7% points to the prior year, confirming the celebration’s impact and the relevance of our ongoing investments in the guest experience. Our unique Disney Dreams! nighttime show is also proving to be a great hit amongst our guests.” The shares traded up $0.32 (0.64%) recently at $49.97.
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Dish Network Corp. (NASDAQ:DISH), whose Q2 profit is predicted to drop 9 percent, will wrap up the June-quarter earnings season for pay-TV service providers when reporting results prior to Wednesday’s open. The shares traded down $0.04 (0.13%) recently at $30.54.
News Corp. (NASDAQ:NWSA) is expected to report Q4 earnings following Wednesday’s market close on August 8 with a conference call scheduled for 4:30 pm ET. Analysts predict an EPS of 32c on a revenue of $8.73 billion. The consensus range is 27c-36c for EPS, and $8.27 billion to $9.03 billion for revenue, reports First Call. Following reports of better EPS and revenue than expected in Q3, the company predicted Q4 revenue from publishing and film segments would decrease on a year-over-year basis. It also expected FY12 segment operating income growth to be in the low-mid teens. Earlier in the quarter, News Corp. announced its plan to split into two companies, which would separate its publishing assets from its entertainment business. Rupert Murdoch is to serve as chairman of both companies, and he said he has no intentions to leave in the near future. According to Bloomberg, company returns may be boosted as much as 32 percent following the split. Investors will search for any material updates on the upcoming company split, and the company could also provide color on the legal battles it has been mired in during the past few months concerning illegal reporting tactics. Recently, former News Corp. executive Rebekah Brooks was charged with perverting the course of justice along with three counts of phone hacking. The company will also provide updates regarding its results in Entertainment, including its box office movie results with “Ice Age” and “Prometheus,” spring finale TV numbers, and its partnerships with Roku and Hulu. News Corp. was upgraded to Buy at Citigroup and at Needham. It’s target price was also raised at BTIG and RBC Capital. The shares traded up $0.29 (1.23%) recently at $23.89.
Viacom, Inc. (NYSE:VIA) recently released its Q3 fiscal 2012 earnings, and the performance of its media networks and movie business decreased in comparison to the same quarter the previous year, as expected. Previously, we expressed our expectation from Viacom’s earnings (see Nickelodeon & MTV To Generate The Bulk Of Viacom’s Revenues In Earnings) and the majority was inline. The movie business decline was no surprise since Viacom’s current movies haven not been able to match up to the exceptional performance of last year. The shares traded up $0.66 (1.32%) recently at $50.81.
SIRIUS XM Radio Inc. (NASDAQ:SIRI) reports Q2-end self-pay subscribers totaling 18.7 million, and it reports Q2 self-pay net subscriber additions of about 463,000 The shares traded up $0.08 (3.64%) recently at $2.28.
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