Disney Earnings: What to Watch on Thursday
Walt Disney Co. (NYSE: DIS) is slated to report its fourth-quarter and full-year results for fiscal 2017 after the market closes on Thursday, Nov. 9.
Investors should keep expectations in check, as the entertainment giant is poised to turn in tepid year-over-year quarterly and full-year 2017 results. The two main reasons for 2017's weak performance have been the extremely tough comparables the company has faced in its movie business, which had a phenomenal, record-breaking year last year, and the continued struggles in the cable business stemming from the industrywide phenomenon of cord-cutting.
The good news is that Disney CEO Bob Iger has long said that fiscal 2018 should see the company resume its more robust previous growth trajectory. So investors' main focus should be on how well the company seems to be setting itself up for success in fiscal 2018 and beyond.
Source: Fool.com
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