Disney expected to hit $13.17bn in Q3 earnings

Scheduled for release this afternoon, analysts predict the results will reveal a $2.2bn gross global total for Star Wars.
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The Walt Disney Company is expected to post third-quarter earnings of $13.17billion, an increase of 6 per cent on last year’s results.

The firm will report its Q3 earnings when the market closes later this evening, but expectations are already booming.

Disney shares are trading at an all-time high, up nearly 45 per cent over the past 12 months, in the lead up to the reveal on Tuesday, August 4th.

It is projected that Star Wars will gross around $2.2billion globally, despite the fact that Star Wars: The Force Awakens isn’t scheduled for release until this December.

Elsewhere, Disney’s theme parks continue to drive growth and the opening of a new Shanghai Disneyland Park next year is expected to make an impact on the more volatile Chinese market.

However, it is predicted that by analysts that Disney’s biggest challenges in its results will be foreign exchange rates.

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