The Walt Disney Company has reported its third-quarter earnings and the report shows the magnitude the COVID-19 shutdown had on the business. The Parks, Experiences and Products division, reported losses at $3.5 billion in revenue, a decrease of 85%. This resulted in an operating loss of $2 billion. Christine McCarthy,
Tag: Earnings Report
The Walt Disney Company’s 3rd Quarter Earnings Report
Yesterday The Walt Disney Company reported their quarterly earnings for its third fiscal quarter ending on July 1, 2017. They also made a big announcement about their move away from Netflix and into their own streaming services. Although impressive earnings were reported, Disney still showed disappointing revenues. We have the breakdown below: Cable
The Walt Disney Company Reported Higher Than Expected Earnings In Second Quarter
The Walt Disney Company held its quarterly earnings call this afternoon. The company beat profit expectations but the revenue numbers were not as impressive. The earnings per share for the quarter increased to $1.50 over the $1.41 that was expected. Revenue was reported as $13.34 billion versus the $13.45 billion
