In a caution to shareholders, The Walt Disney Company CEO Bob Iger, announced that profits for this year would be similar to last years. According to a piece that ran on CNBC, Iger said “You have to look at the year being roughly in line…with what we delivered in fiscal 16.”
As outlined by CNBC, Disney reported 2016 earnings per share at $5.72. Current estimates put this year’s earnings at $5.88 per share. CEO Bob Iger attributed the financial struggles at the Walt Disney Company to a variety of different factors including not having a Star Wars film for releases this year as well as the increase in costs of the NBA rights for ESPN as well as Disney’s increased stake at BAMTech.
Please keep following along with Chip and Co for the latest information regarding The Walt Disney Company’s financial outlook for 2017.
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