Reuters - Video

Edition: U.S. | U.K. | IN | CN | JP

Business

U.S. Morning Call: Disney profit, forecast to see boost

Tuesday, May 07, 2013 - 03:05

May 7 - Walt Disney is expected to post higher profits thanks to stronger advertising at its ESPN network and the successful Wizard of Oz movie.

▲ Hide Transcript

View Transcript

Morning call for Tuesday -- they already love Walt Disney but will the second quarter happened fairy tale and analysts are expecting Disney to report a profit of 77 cents up from 58 cents a year ago. We'll be looking for today is -- for the third quarter. Especially given box office results from Iron Man three -- new Star Wars video game deal with electronic arts. Iron Man three has already raked in 680. Million bucks worldwide at the box office. Electronic arts is also reporting after the closing bell today it's a difficult time for the video game maker. The company has no CEO and lay off hundreds of employees in -- to cut costs. But he is still huge presence in the mobile gaming space with hits like battlefield World Series poker and it's wildly popular -- series. Right so Microsoft has sold 100 million windows eight licenses in the six months since its launch. But Steve -- and company now have to address the hard reality that interest in the software is dying. Analysts say here's what's lacking the software is designed for touch but has failed to make a dent in the tablet market dominated by apple Samsung. Research firm IDC points out there aren't many affordable options protects laptops. -- know and let's not forget the fact that the PC is dying sales last quarter plummeted 14%. Microsoft says it's working on some of the issues and will be -- an update for smaller tablets code named windows blew by the end of this year. If that doesn't work it'll be the company's shareholders that the blues. A couple of stocks to watch today starting with one that stands to get walloped after proposed record fine. The California public utilities commission wants to find PG&E. 2.2 five billion dollars. The 2010 and deadly San Bruno gas line fire. That was not only be the largest fine ever imposed by state pipeline regulators that accounts for more than 10% of the company's market cap. The CEOs not happy about it he's as -- penalty reflects a desire to punish his company and ignore what PG and he has done in the fire's aftermath. Which -- spend one billion dollars on safety. Shares of PG unique -- roughly one and a half percent and the -- pipeline regulators proposal. On the other side of the -- Google is flirting with yet another all time high today in the premarket. Touching 862. Bucks a share. And that's a quick look at markets US stock futures point to a higher open. -- and 500 closed at another record high yesterday about 16100. That's it for your Tuesday morning call remembered follow us on Twitter at Reuters Insider and get more great videos and Reuters dot com slash later. -- -- --

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

U.S. Morning Call: Disney profit, forecast to see boost

Tuesday, May 07, 2013 - 03:05