Disney set to report third quarter earnings after the bell

📆 8/4/2020 4:39 PM
📰 CNBC

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Disney's report will show how partial reopenings of its parks and the return of live sports are impacting its business.

The company's new streaming service has benefited from stay-at-home orders across the U.S. that left millions looking for entertainment options.

Last quarter, the pandemic had a profound impact on Parks, Experiences and Products, as the company reported a 58% drop in operating income for the segment. . The return of live sports should provide a bit of a boost for Disney, which owns ESPN, with several professional leagues in the U.S. beginning to resume games.

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Guess they are going to lose a lot of money like 5 billion. How come the left isn’t asking Disney to change its name and name of the Parks ? Afterall Walt Disney was a known racist. Look back and you will see.

Bullish take care

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