UBS Warburg Cuts Disney Estimates

Analyst Christopher Dixon cites dismal fourth quarter results

UBS Warburg cut its earnings estimates on Walt Disney (DIS ) after the entertainment company posted "dismal" fourth quarter results. The company reported fourth quarter earnings per share of $0.03 versus $0.11 in the year ago quarter. Analyst Christopher Dixon said the results relfect ratings weakness at ABC and the impact of slowing travel at Disney theme parks.

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