NEW YORK -- Walt Disney (DIS), the media and entertainment conglomerate, posted better-than-expected earnings but came up short of analysts' estimates on the top line.
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.com (PCLN), the online travel reservation company, provided investors with an underwhelming outlook after Tuesday's close of trading. 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." Priceline Plunges on Weak Outlook
Orbitz Worldwide (OWW) is scheduled to post second-quarter results before the opening bell Wednesday and analysts are calling for a profit of 5 cents a share in the June-ended period on revenue of $207.7 million. 5 Hated Stocks Set to Soar on Earnings
Zillow (Z), the online real estate information company, beat Wall Street's revenue expectations in its latest quarter on strength in its mobile and Web monetization efforts. 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. Exclusive: Zillow CEO Talks Earnings, Offering
Macy's (M) is expected by analysts Wednesday to report second-quarter earnings of 64 cents a share on sales of $6.12 billion.
Analysts see Dish Network (DISH) reporting second-quarter earnings Wednesday of 66 cents a share on revenue of $3.64 billion.
-- Written by Joseph Woelfel
>To contact the writer of this article, click here: Joseph Woelfel
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