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apple developer:Disney Reports Loss of $4.7 Billion for Q3 as Pandemic Rocks Business

appleaccounts2020-10-1844

The Walt Disney Co. is still reeling from the impact of the ongoing novel coronavirus, reporting a net loss of $4.7 billion for its fiscal third quarter.The company reported revenue of $11.8 billion during the third quarter which was down 42% from the $20.3 billion the company reported during the same quarter last year. Analysts following the stock via Yahoo! Finance expected Disney revenue to come in at $12.4 billion.The $4.7 billion net loss equated to a loss of $2.61 per share, that after Disney reported per-share earnings of 79 cents during the year-prior period. Analysts were anticipating a loss of 64 cents per share.,

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