Stocks to Watch: Disney, Priceline, Macy's

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. ( 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.

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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.

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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

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