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.