Company News: Walt Disney (DIS) posts smaller-than-forecast quarterly loss

Market news

13 November 2020

Company News: Walt Disney (DIS) posts smaller-than-forecast quarterly loss

Walt Disney (DIS) reported Q4 FY 2020 loss of $0.20 per share (versus earnings of $1.07 per share in Q4 FY 2019), better than analysts’ consensus estimate of -$0.65 per share.

The company’s quarterly revenues amounted to $14.707 bln (-23.1% y/y), beating analysts’ consensus estimate of $14.096 bln.

DIS rose to $141.50 (+4.41%) in pre-market trading.

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