Disney Shares Fall as Company Misses Quarterly Earnings, Revenue Estimates
Disney Chairman and CEO Bob Iger

Disney's  (DIS) fiscal third quarter results disappointed after the market close Tuesday, but investors will listen for Chairman and CEO Bob Iger commentary about its purchase of Fox (FOXA)  television and film assets and the future of media on the company's call.

Earnings of $1.87 per share missed forecasts of $1.95 per share, on a non-GAAP basis, while revenues of $15.2 billion came in below consensus estimates of $15.4 billion.

Shares fell 2% to $114.29 in after-hours trading. Year to date, shares of Disney were up about 9%.

Beyond quarterly details, the big issues on the call, which begins at 4:30 p.m. ET, will be Disney's $71.3 billion purchase of Fox's film and TV studios and whether the company will make a new bid for European satellite TV outfit Sky.

Other hot topics will be the"Disneyflix" streaming service that the company will launch next year and box office results for films such as "Black Panther" and "Solo: A Star Wars Story."

The Department of Justice and shareholders have already approved Disney's purchase of the Fox assets, but the merger partners still need approval from overseas regulators. 

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