Disney Near A 52-Week High Ahead Of 1Q 2012 Earnings

Walt Disney (DIS) is scheduled to report 2Q 2012 earnings after the closing bell on Tuesday, May 8. Walt Disney shares are just off the 52-week high established in late March, but up significantly YTD, thanks to in improving macroeconomic backdrop, particularly in North America, resulting in improved traffic at its theme parks. Solid advertising trends also bode well for the entertainment and cable divisions, with brands such as ESPN and the Disney Channel expected to reap the benefits….

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