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Disney released its second-quarter 2020 results on Tuesday night after the US stock market. USA It closed and suffered a massive drop in earnings.
Disney earnings are based on EPS and surplus
EPS was $ 0.60 after experts previously anticipated $ 1.41 earnings per share. Last year, Disney reported EPS of $ 1.61.
In the three months through the end of March, the surplus declined more than 90 percent year-over-year to $ 460 million, as the group announced Tuesday after the US stock market. USA Closed in Burbank, California
Sales are growing strongly
After sales of $ 14.92 billion in the second quarter of 2019, the Mickey Mouse group now has $ 18.01 billion on the books – analysts had forecast sales of $ 19.56 billion.
However, Disney’s amusement parks, resorts and cruise ships in particular suffered enormously: here, operating profit fell 58 percent, although the virus crisis only really spread at the end of the quarter. The streaming business with the new Disney + video service has grown tremendously, but so far it has only caused costs. The division’s loss of $ 812 million was more than double the previous year.
In an initial backlash on NYSE trading after hours, Disney’s stock rose, but then retraced and was 1.57 percent lower at $ 99.74
Editorial office finanzen.net / BURBANK (dpa-AFX)
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