The Walt Disney Company (NYSE: DIS) today announced its second quarter financial results for the period ended March 28, 2020.
Second quarter net income was $475 million, or $0.26 per share, compared with net income of $5.4 billion, or $3.53 per share in second of 2019.
Revenues increased 21% to $18.0 billion.
Amid COVID-19, Parks, Experiences and Products segment experienced a significant impact on the operating income (approx. $1.0 billion) as a result of the closures.
Here is the quick summary of earnings report.
You may also like:
COVID-19 puts insurers in tricky situation; risks range from litigation to insolvency
Ravaging almost every part of the world and crippling economic activity, the coronavirus pandemic has not spared any business. When it comes to the insurance industry, the nature of impact is complex and there is no doubt the companies will struggle with their underwriting decisions once the damage is fully assessed.
Fast-food chain McDonald’s Corporation (NYSE: MCD) on Tuesday reported an increase in adjusted earnings for the fourth quarter of 2022 when its revenues remained broadly unchanged. The company said fourth-quarter
General Motors Co. (NYSE: GM) reported fourth quarter 2022 earnings results today. Revenue increased 28.4% year-over-year to $43.1 billion. Net income attributable to stockholders increased 14.8% to $2 billion while EPS rose 19.8%
Construction-equipment manufacturer Caterpillar Inc. (NYSE: CAT) reported double-digit growth in fourth-quarter revenues and adjusted earnings. Adjusted net profit increased to $3.86 per share in the December quarter from $2.69 per