Disney promises earnings growth next two years, shares rise

Executives said they expected modest earnings per share growth in fiscal 2017 and "more robust growth" in fiscal 2018 and beyond, as ESPN attracts more online viewers, the new Shanghai theme park lures visitors and the movie studio releases more "Star Wars" installments and other films. Disney and media rivals face challenges from "cord cutters" who are dropping TV subscriptions for cheaper and more convenient online services, and the issue is especially important for ESPN, one of Disney's most