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Walt Disney

An expanded array of narrative characters and creative content on the one hand and building additional parks and resorts on the other is keeping Disney’s brands and franchises moving in the right direction. The company built “Star Wars” – themed lands at its original Disneyland in Anaheim, California, and Disney Hollywood Studios in Orlando, Florida, in one of the largest expansions in its history.

Third-quarter earnings rose 11% to $2.5 billion or $1.45 per diluted share. Revenue rose 5% to $13.1 billion following the acquisition in 2002 of Marvel Entertainment LLC and ongoing TV rights contracts with Netflix Inc (NVLX). The latter competes with Hulu LLC, another over-the-top broadcast networking firm owned by Disney, media giant NBCUniversal Inc (CMCSA), and film and cable TV operator Fox Entertainment Group Inc (FOX).

For its fourth quarter analysts expect earnings of $1.17 to $1.13 per share on revenue of $13.50 billion. The company’s average stock price analyst estimate is $95.36. Many investors gain diversified exposure to Disney by investing in the Consumer Discretionary Select Sector SPDR ETF (XLY), which holds 7.3% of the stock.



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