Disney Earnings Plunge Amid Park Closures

Disney Earnings Plunge Amid Park Closures

Walt Disney’s profit tumbled 63% in the second quarter as its theme park business took a $1 billion hit to operating income due to coronavirus-related closures. For the quarter ended March 31, Disney posted earnings of 60 cents per share, down from $1.61 a year earlier and below analysts’ estimates of $89 cents. Total operating […]