Needham & Company Trims Estimates on Walt Disney (DIS)

Needham & Company lowered estimates on Walt Disney (NYSE: DIS) ahead of FY4Q12 earnings in early November.

For Q4, the firm expects DIS ot report revenue of $10.975B (up 5% y/y, and 1% below our previous estimates), Segment Operating Income of $2.264B (up 7% y/y, and 5% below our previous estimates), and Operating EPS of $0.67 (up 12% y/y and 5% below our previous estimates).

They now expect FY12 revenue of $42.471B (up 4% y/y and 0.2% below our previous estimates), and Operating EPS of $3.06 (up 20% y/y and 1% below our previous estimates). They maintain estimates for FY13 of revenue of $45.076B (up 6% y/y) and Operating EPS of $3.46 (up 13% y/y).

For an analyst ratings summary and ratings history on Walt Disney click here. For more ratings news on Walt Disney click here.

Shares of Walt Disney closed at $52.15 yesterday.

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