DISNEY 3Q REVENUE DROPS 42%, MISSING EXPECTATIONS
Techlife News|Techlife News #458
DISNEY 3Q REVENUE DROPS 42%, MISSING EXPECTATIONS
Walt Disney Co. reported that its net income fell dramatically in the three-month period that ended in June when it most of its theme parks were shuttered and theatrical movie releases were postponed.

Still, its bottom-line results were better than analysts expected, although its revenue fell short of forecasts.

Disney has soared to success with the breadth of its media and entertainment offerings, but now it’s trying to recover after the coronavirus pandemic pummeled many of its businesses. It was hit by several months of its parks and stores being closed, cruise ships idled, movie releases postponed and a halt in film and video production.

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Techlife News #458