Stocks to Watch: Disney, Priceline, Macy's
NEW YORK -- Walt Disney
The company reported after Tuesday's closing bell earnings of $1.83 billion, or $1.01 a share, in its fiscal third quarter ended in July on revenue of $11.09 billion. Analysts were expecting a profit of 93 cents a share on revenue of $11.31 billion.
Earnings were driven, in part, from strong ticket sales to movies like The Avengers.
Priceline said it expects non-GAAP earnings of $11.10 to $12.10 for the third quarter ending in September, well below the current Wall Street consensus estimate for a profit of $12.76 a share. The company said its outlook "reflects an assumption that economic conditions in Europe will further deteriorate."
Seattle-based Zillow earned $1.3 million, or 4 cents a share, on revenue of $27.8 million for the three months ended June 30. Analysts were looking for earnings of 4 cents a share on $27.14 million in revenue in the quarter.
Zillow also provided third-quarter guidance that was largely in line with Wall Street's expectations.
Analysts see Dish Network
-- Written by Joseph Woelfel
>To contact the writer of this article, click here: Joseph Woelfel
>To submit a news tip, send an email to: firstname.lastname@example.org.