This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Stocks to Watch: Disney, Zynga, Time Warner

Stocks in this article: DISZNGATWXNWSACMGCVS

NEW YORK -- Walt Disney's (DIS) fiscal first-quarter profit dipped slightly but it topped expectations as revenue rose 5% to $11.3 billion.

Disney earned $1.38 billion, or 77 cents a share, in the first quarter, down from year-earlier earnings of $1.46 billion, or 80 cents a share.

Adjusted earnings in the quarter were 79 cents a share, topping the Wall Street estimate of 76 cents a share.

Disney said programming and production costs at its ESPN network rose during the quarter.

Disney CEO Robert Iger, during a conference cal Tuesday, said the entertainment giant was "confident about the year ahead, as well as our ability to create continued long-term growth."


Zynga (ZNGA) topped Wall Street's estimates on Tuesday, posting profit of 1 cent a share on fourth-quarter revenue of $311.1 million. Analysts were looking for a loss of 3 cents a share on sales of $212.1 million.

For the full year, Zynga reported sales of $1.28 billion, up 12% from a year earlier, as daily active users (DAUs) increased to 56 million in the fourth quarter from a year-earlier 54 million. DAUs decreased 6% sequentially from the third quarter to the fourth quarter.

For the first quarter of 2013, Zynga said it expects revenue of $255 million to $265 million, and a loss off 2 cents to 4 cents a share.

Zynga Has 'Words With Investors,' Earns Profit


Time Warner (TWX), which owns networks CNN and HBO and the New Line Cinema and Warner Brothers movie studios, is expected by analysts Wednesday to post fourth-quarter earnings of $1.10 a share on revenue of $8.25 billion.

Give Amazon Some Respect


News Corp (NWSA) is expected by Wall Street Wednesday to report quarterly profit of 42 cents a share on revenue of $9.28 billion.

The media company plans to split later in 2013 into a publishing company and a filmed entertainment business.


Drug retailer CVS Caremark (CVS) is forecast to earn $1.10 a share in the fourth quarter on revenue of $31.13 billion.

5 Hated Stocks Set to Soar on Earnings


Chipotle Mexican Grill's (CMG) fourth-quarter earnings rose 7% as same-store sales jumped 3.8% on higher customer traffic.


-- Written by Joseph Woelfel



>To contact the writer of this article, click here: Joseph Woelfel

>To submit a news tip, send an email to: tips@thestreet.com.

Copyright 2013 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,390.52 +195.10 1.13%
S&P 500 0.00 -2.75 -0.14%
NASDAQ 4,630.7410 +64.6030 1.41%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs