The earnings season has been going pretty good so far, and Walt Disney (DIS) will get its chance to impress Wall Street this afternoon when it reports its fiscal first quarter results after the market closes.

Going into this afternoon's report, analysts are expecting to see the company report earnings of $0.56 per share, up from $0.47 during the same period last year.

Disney (DIS) will tell investors how it did during the fiscal third quarter on Tuesday after the market closes for the day. The company will hopefully report some great numbers because, quite frankly, the stock has been somewhat boring this summer; a little fundamental excitement would, at the very least, ease the tedium of the price action.

Net income is expected to be somewhere around 58 cents per share. That's six pennies higher than the previous year's performance. That wouldn't be bad, I suppose, given the economic climate, but I certainly hope that the Mouse has more than a six-penny increase up its sleeve. Back in the second quarter, management was able to beat the estimate.

What an interesting weekend at the box office. There was a lot to watch for those who invest in the media sector. Let's have a look at what went on.

First, Time Warner Inc. (TWX) scored with Clash of the Titans. I think most observers were expecting this one to reign supreme. According to estimates available at the time of this writing over at Box Office Mojo, Titans made over $60 million in the domestic marketplace. Shareholders are hoping that this will be the start of another good run for the studio. As you'll probably recall, Time Warner was very successful in the celluloid game during 2009.

The Walt Disney Company's (DIS) Alice in Wonderland was number one at the domestic box office for the second weekend in a row. Excellent, especially for shareholders. Disney needs Alice to do some massive numbers to prove to Hollywood, as well as Wall Street, that changes in its film division are here: changes for the better, ones that will increase economic value.

According to Box Office Mojo, Alice grossed over $60 million. Coming in second was Green Zone, from General Electric Corporation's (GE) Universal. Make that a distant second. Zone pulled in approximately $14 million. As some have said, this was a very weak opening for a Matt Damon project.

IMAX (IMAX) issued its Q4 report yesterday. The stock was slightly weak after the market digested the earnings release: it ended the session down 1%. I'm not sure, though, if traders should give up on the stock just yet.

On an adjusted basis, the company behind the big, theatrical 3D format made 20 cents per diluted share. In the previous year's similar quarter, a loss of 22 cents per diluted share was booked. Awesome improvement. As for the analysts, they simply couldn't keep up with the momentum. According to Earnings.com, they were expecting something closer to 6 cents for the income figure.

Disney's (DIS) Alice in Wonderland was the number-one picture over the three-day weekend. No surprise, necessarily, as the rank wasn't the true question mark. The question, in my mind at least, was exactly how much the film would take in during its debut. Would it go beyond expectations? Would it capture the top spot with a paltry $45 million?

I believe it's safe to say Alice came through for the Mouse. According to early estimates at Box Office Mojo, the project took in $116 million from domestic multiplexes. Brooklyn's Finest, distributed by Liberty Capital Group's (LCAPA) Overture Films, placed second with $13 million -- not that great, but the budget was only $25 million on this one, so we'll have to see if word of mouth brings the grosses up to a financially appropriate level (besides, The Wrap indicated that it only cost Overture maybe less than $3 million for the rights).

I haven't been bullish on Disney's (DIS) stock for quite a while. I own a long-term position, but I haven't added to it for years (I do, however, allow the annual dividend payout, too small that it is, to be reinvested). I'm waiting for the day when the shares finally break through $40. Disney hasn't seen $40 since, well, I don't even want to think how far back that price level goes.

This past week has been fascinating for the Mouse's investors. The media business was upgraded. There's been interesting activity going on in the company's options, as Schaeffer's Investment Research indicates. And the stock hit a fresh 52-week high of $33.22 on Friday; in fact, it closed at the 52-week high, right before the weekend, no less.

In its second weekend out in the domestic theatrical marketplace, Viacom's (VIA) Shutter Island thriller, starring Leonardo DiCaprio, demonstrated that it has some resilience. This is good news, considering the budget on the film is a healthy $80 million.

Island made $22.6 million, according to Box Office Mojo. The cumulative gross so far for the flick is better than $75 million. Viacom beat out Time Warner's (TWX) new entry Cop Out, directed by Kevin Smith, and horror picture The Crazies, a remake of a George Romero project from the early 1970s, which is distributed by Liberty Capital Group's (LCAPA) Overture Films.

Over the long Valentine's weekend, according to estimates from Box Office Mojo at the time of this writing, Time Warner's (TWX) Valentine's Day made over $50 million, good for number one. How appropriate, right?

News Corp.'s (NWS) Avatar dropped to fourth place. Last week, the film was in second place. I know it's been out for a while, and the lower rank is to be expected by this point no matter how much of a phenomenon it is, but I thought it would have made a stop at slot three before hitting the one below it. No huge deal, though, since it's already made tons of money.