The Walt Disney Co. will report its latest fiscal fourth-quarter results after the market closes Wednesday as returning CEO Bob Iger faces several issues.
According to bank analysts, Iger will shift the mass media and entertainment company’s focus to content and cost rationalization while spinning off broadcast network ABC and cable sports channel ESPN.
In early November, the company reported fourth-quarter revenues and earnings below analysts’ estimates, posting $20.15 billion in revenues, while its diluted earnings per share "excluding certain items" decreased 19% year over year, coming in at $0.30.
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