Disney CEO Bob Iger May Extend Tenure

Shares of Disney were in focus on Monday following news that CEO Bob Iger may be extending his tenure for the third time.

Author:: Anders Keitz
Publish date:: Feb 6, 2017 4:33 PM EST

Shares of Disney (DIS) - Get Report were in focus on Monday following news that CEO Bob Iger may be extending his tenure for the third time.

Iger was scheduled to retire in July 2018, but with no successor in sight after COO Tom Staggs left last year, The Wall Street Journal reports that Iger may stay on as CEO in order to train his eventual replacement.

The news comes out ahead of Disney's 2017 first quarter results, which it is set to report after the bell Tuesday. Analysts are anticipating earnings of $1.49 a share on revenue of $15.26 billion for the first quarter. Investors will also be closely looking at the number of ESPN subscribers for the period after Disney faced some criticism losing subscribers in the last quarter.

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