He also comments on how Disney is looking at returning value to shareholders, the success of "The Avengers" movie franchise and the failure of "John Carter."
Bob Iger, CEO of Disney, tells CNBC's Jim Cramer that DIS is undervalued. He also shares his view on the health of the consumer.
Stocks faded in the final hour of trading to close mixed Friday, with major indexes logging a second weekly decline, pressured by news of JPMorgan's trading loss and amid ongoing worries over the euro zone.
Iger led off the earnings call with a heavy emphasis on international growth, China in particular. Iger says China is a "priority" and that the Shanghai resort, which is now under construction, will be very important for international growth.
Stocks ended off their worst levels Wednesday following news that Greece will receive another bailout payment, but still closed in negative territory amid lingering concerns over the rest of the euro zone.
Stock index futures pointed to a weaker open for Wall Street Wednesday, tracking stocks in Europe lower with Spanish banks sharply down over fears that they will be forced to raise a further 35 billion euros ($45 billion) to cover losses on their property assets.
Take a look at some of Wednesday's morning movers:
“I’m surprised Disney isn’t up more in the after-market,” says trader Stephen Weiss after parsing through Disney earnings. “I think the stock is cheap.”
Barton Crockett, Lazard Capital Markets, discusses Disney's Q2 numbers and his "buy" rating and $53 price target on the stock, with CNBC's Julia Boorstin and the Fast Money traders.
Stocks recovered more than half their losses, but still closed in negative territory Tuesday as political uncertainty in Greece kept investors on edge.
Check out which companies are making headlines after-the-bell Tuesday:
The entertainment company reported quarterly earnings and revenue that beat Wall Street's expectations. Shares rose in after-hours trading.
Discussing how to play the Volatility Index when fear in the markets is so high, with the FMHR traders. Tony Wible, Janney Capital Markets analyst, also discusses "The Avengers" and its positive opening weekend ahead of Disney's earnings report.
U.S. stock index futures pointed to a lower open on Wall Street on Tuesday as investors continued to fret over the euro zone following elections in France and Greece over the weekend.
The television industry is at the brink of extraordinary change—the line between traditional “TV” and the Internet is disappearing.
“The Avengers,” which broke box-office records last weekend, is the first film in a three sequel franchise — and analysts expect more share price pop as the sequels keep coming.
LG Electronics plans to start making Internet television with a Google platform this month, with CNBC's Julia Boorstin. Jim Iuorio, TJM Institutional Services, offers insight.
After the worst week of the year for the S&P 500 and the Nasdaq, Riskreversal.com’s Dan Nathan thinks the scene is set for a global stock swoon over the next few months.
Disney's "Avengers" is making a strong start to the summer movie season, taking in more than $200 million in North American theaters this weekend. Anthony DiClemente, Barclays analyst, and Tuna Amobi, Standard & Poor's analyst, discuss.
Expectations were high for Marvel’s 'The Avengers,' and the film beat even the most optimistic predictions and shattered records, kicking off the summer movie season to a MASSIVE start.