Earnings News After-Hours: The Walt Disney Company (NYSE: DIS), First Solar Inc (FSLR)

Category: Companies / Aug 06, 2013 5:20PM EDT

The Walt Disney Company (NYSE:DIS) reported fiscal third-quarter earnings of $1.03 a share on $11.58 billion in revenue, compared with earnings of $1.01 per share on revenue of $11.09 billion in the year-ago period.

Disney was forecast to report fiscal third-quarter earnings of $1.02 per share on revenue of $11.65 billion, according to analysts polled by Reuters.

Shares of The Walt Disney Co. edged down 0.97 percent to $66.40 in after-hours trade.

First Solar, Inc. (Nasdaq: FSLR) missed expectations and lowered its full-year earnings and revenue guidance after the company issued earnings of 39 cents a share on sales of $520 million. Analysts were looking for EPS of 52 cents on revenue of $721 million.

Shares of First Solar dropped 8.17 percent to $42.93 in extended-hours trading.

21st Century Fox Inc. (Nasdaq: FOXA) reported earnings of 31 cents a share on revenue of $7.21 billion, compared with estimates for 34 cents a share on revenue of $7.12 billion.

Shares of 21st Century Fox rose 3.43 percent to $32.30 after the bell.

On the Earnings calendar for Wednesday, Time Warner Inc. (NYSE: TWX), Groupon Inc. (Nasdaq: GRPN), Ralph Lauren Corp (NYSE: RL), AOL, Inc. (NYSE: AOL), Tesla Motors Inc (Nasdaq: TSLA) and more are gearing up to report quarterly results.

Wall Street dropped on Tuesday to record its worst day since June on fears the Federal Reserve may taper its $85 billon-a-month bond-buying program in September.

The Dow Jones industrial average dropped 93.31 points, or 0.6 percent, to close at 15,518.82. The S&P 500 Index was down 9.77 points, or 0.57 percent, to end at 1,697.37. The Nasdaq Composite Index was down 27.18 points, or 0.74 percent, to end at 3,665.87.


Video Credit: Reuters