NEW YORK, February 9 (FinanceEnquiry.com) - Analyst Tuna Amobi at S&P Capital IQ reiterates Strong Buy rating on the shares of The Walt Disney Company (NYSE: DIS).
 
In a research note published yesterday, the analyst mentions that The Walt Disney Company reported December-Q EPS of $0.80 on 8% less shares, ahead of the estimate and the Capital IQ consensus of $0.68 and $0.71, respectively. Moreover, theme parks and resorts provided the key highpoint, with the support from the cruise line. Analyst Amobi sees mixed to relatively poor outcomes for Media Networks unit’s ESPN and ABC network & stations (despite the benefit of ESPN revenue deferrals), with indications of weak advertising and increased programming costs. As projected, studio was nearly a non-factor, apart from easy comps on prior film write-downs, the analyst adds.