Disney face financial loss

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In the third quarter of the financial year, Disney posted mixed results, unexpectedly providing a controlled profit per share where losses were expected, with the Coronavirus epidemic hitting its many profitable theme parks, media networks and studio film businesses. The company predicts another multi-billion dollar loss in current quarterly earnings due to the epidemic.

The worst affected areas were Disney Parks, Akshay, and its epicenter. In the same quarter last year, the unit suffered a loss of $ 1.96 billion, compared to a profit of $ 1.96 billion, which was shut down for quarterly at the global global quarter-quarters after Disney theme park attendance declined. Disney's cruise was also closed.

Posted Using LeoFinance