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Disney takes US$1.4B hit from coronavirus as theme parks, movie theatres close

WorldNews Tuesday, 5 May 2020
Disney takes US$1.4B hit from coronavirus as theme parks, movie theatres closeWalt Disney Co missed Wall Street’s lowered earnings forecasts on Tuesday and estimated global coronavirus lockdowns cut profits by US$1.4 billion, mostly from its shuttered theme parks. Disney posted adjusted earnings per share of 60 cents for January through March, down 63% from a year earlier and short of the 89 cents expected by analysts, according to IBES data from Refinitiv. Disney shares rose less than 1% in...
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News video: Disney Loses $1.4 Billion From COVID-19 Closures

Disney Loses $1.4 Billion From COVID-19 Closures 00:30

According to Reuters Walt Disney Co. is taking a big financial hit due to coronavirus. So far, they have lost $1.4 billion dollars, mostly since closing their global theme parks in March. They've also lost out on the film side, with movie theaters going dark, and television and film production...

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