The Walt Disney Company (DIS) Earnings Watch: Will It Beat Third Quarter Expectations? [VIDEO]

 @JessicaMentonj.menton@ibtimes.com
on August 06 2013 1:00 PM

Wall Street fell for the second straight session Tuesday, after retailer American Eagle Outfitters (NYSE: AEO) reported results that disappointed investors.

After the bell Tuesday, The Walt Disney Co. is scheduled to report quarterly results, and investors will be eyeing ESPN’s ratings and how advertising will impact the company.

The Walt Disney Co. (NYSE:DIS) is forecast to report fiscal third-quarter earnings of $1.02 per share on revenue of $11.65 billion, according to analysts polled by Reuters, compared with earnings of $1.01 per share on revenue of $11.09 billion in the year-ago period.

As of 12:47 p.m. Eastern, Walt Disney is trading at up 1.03 percent to $66.70 per share.

After the market closes Tuesday, 21st Century Fox (Nasdaq: FOXA) will also report results.

Earlier in the session, investors weighed corporate earnings from Dish Network Corp. (NASDAQ:DISH), Archer Daniels Midland Co. (NYSE:ADM), Michael Kors Holdings Ltd. (NYSE:KORS), CVS Caremark Corp. (NYSE:CVS), Fossil Group Inc. (NASDAQ:FOSL) and others before the bell.

The Dow Jones industrial average dropped 91.01 points, or 0.58 percent, at 15,521.12. The S&P 500 Index was down 8.85 points, or 0.52 percent, at 1,698.29. The Nasdaq Composite Index was down 24.01 points, or 0.65 percent, at 3,668.97.

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