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Disney’s Quarterly Profit Tumbles 93%. And the Only Good News Isn’t Helping.

Add to that a planned investment year for its splashy new streaming initiatives, and Disney’s earnings were hit hard, down a whopping 93% from a year ago. In its most recent quarter, the second of Disney’s (ticker: DIS) fiscal 2020, the company earned 26 cents in earnings per share—versus analysts’ 68-cent consensus estimate and down from $3.55 in the same period a year ago. Adjusted for non-recurring costs including amortization of intangible assets, Disney’s earnings came in at 60 cents per share. Read More...

Add to that a planned investment year for its splashy new streaming initiatives, and Disney’s earnings were hit hard, down a whopping 93% from a year ago. In its most recent quarter, the second of Disney’s (ticker: DIS) fiscal 2020, the company earned 26 cents in earnings per share—versus analysts’ 68-cent consensus estimate and down from $3.55 in the same period a year ago. Adjusted for non-recurring costs including amortization of intangible assets, Disney’s earnings came in at 60 cents per share.

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