Wednesday, May 11, 2011

The Top 30 Disney Songs

Walt Disney Cartoons- Donald Duck- Snowball War

Ahead of the Bell: Disney shares slip


Shares of The Walt Disney Co. slipped in premarket trading Wednesday after the company posted lower-than-expected earnings and revenue for the latest quarter, hurt by the poor box-office performance of "Mars Needs Moms" and temporary park closures in Japan following the earthquake and tsunami.

The results for the fiscal second quarter missed Wall Street's expectations. Shares of Disney ( DIS - news - people ) fell $1.43, or 3.3 percent, to $42.48 in pre-market trading Wednesday.
The animated "Mars Needs Moms" bombed in theaters and dragged Disney's studio profit lower. Comparisons with last year, which included the re-release of "Toy Story" and "Toy Story 2" on DVD and the billion-dollar-grosser "Alice in Wonderland" in theaters, were also tough.

Janney Capital Markets analyst Tony Wible said the quarter's miss has "minimal long-term implications.

Disney, he said, "should benefit from new market opportunities tied to park expansion, new networks, new franchises, new cruise ships, and new consumer concepts" such as digital publishing, store redesigns and video games. The analyst kept a "Neutral" rating on the stock.

For the current quarter, Disney said its television business faces an uphill battle to improve on last year's period, which was boosted by the World Cup soccer tournament and a Celtics-Lakers NBA final that went seven games. Nonetheless, the company is hoping that summer blockbusters such as "Thor" and "Pirates of the Caribbean" will help improve results.