Disney misses out on $3.5 billion in operating profit from park closures
Posted Tuesday, August 4, 2020 6:04 PM | Contributed by Jeff
Disney's quarterly profit of 8 cents per share on an adjusted basis beat expectations of a 64 cents-per-share loss, sending shares up 5% in after-market trade on the New York Stock Exchange. COVID-19 wiped out $3.5 billion in operating profit in the parks division.
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