Today news
Related News
Disney Beats Wall Street Q2 Revenue Estimate But Earnings Crater Due To COVID-19; Parks Unit Takes $1B Income Hit
Reading now: 627
deadline.comBy Dade Hayes Finance Editor Disney managed to muscle out a fiscal second quarter with total revenue of $18 billion edging Wall Street estimates, but adjusted earnings per share fell far short of the bar, showing the toll of COVID-19.
Adjusting for items, earnings came in at 60 cents a share. Analysts had been expecting 88 cents a share and revenue of $17.81 billion, according to Refinitiv.
Disney has been among the hardest-hit entertainment companies during the pandemic. Its lucrative theme parks, cruise lines and hotels all shut down, theatrical movie releases from its industry-leading studio have been halted and its sports powerhouse ESPN has been unable to broadcast any games.
Read more on deadline.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
