Lowell Singer | The Walt Disney Co. |
Robert A. Iger | The Walt Disney Co. |
Christine M. McCarthy | The Walt Disney Co. |
Benjamin Daniel Swinburne | Morgan Stanley & Co. LLC |
Michael B. Nathanson | MoffettNathanson LLC |
Jessica Jean Reif Cohen | Bank of America Merrill Lynch |
Alexia S. Quadrani | JPMorgan Securities LLC |
Todd Michael Juenger | Sanford C. Bernstein & Co. LLC |
Steven Cahall | RBC Capital Markets LLC |
Jason Boisvert Bazinet | Citigroup Global Markets, Inc. |
Marci L. Ryvicker | Wells Fargo Securities LLC |
Barton Crockett | B. Riley FBR, Inc. |
Thank you so much for joining the Walt Disney Conference Call. We apologize for the delay. Speakers, you may begin.
Good afternoon, and welcome to The Walt Disney Company's first quarter 2018 earnings call.
Our press release was issued about 25 minutes ago and is available on our website at www.disney.com/investors.