Infographic: Highlights of Walt Disney’s (DIS) Q4 2020 earnings report

The Walt Disney Company (NYSE: DIS) reported a net loss for the fourth quarter of 2020 as the entertainment giant’s revenues were impacted by the COVID-related disruption. However, the results beat the Street view. Disney incurred an adjusted loss of $0.20 per share for the September-quarter, which indicates a deterioration from the year-ago period when […]

$DIS November 12, 2020 1 min read

NYSE

$DIS · Earnings

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The Walt Disney Company (NYSE: DIS) reported a net loss for the fourth quarter of 2020 as the entertainment giant’s revenues were impacted by the COVID-related disruption. However, the results beat the Street view. Disney incurred an adjusted loss of $0.20 per share for the September-quarter, which indicates a deterioration from the year-ago period when […]
· November 12, 2020

Disney incurred an adjusted loss of $0.20 per share for the September-quarter, which indicates a deterioration from the year-ago period when the company recorded earnings of $1.07 per share. However, the latest number was better than the market’s projection.

The Walt Disney Company Q4 2020 Earnings Infographic

The Walt Disney Company Parks, Experiences and Products Revenue Trend

Net loss from continuing operations was $710 million or $0.39 per share, compared to profit of $777 million or $0.43 per share in the fourth quarter of 2019. The weak bottom-line performance reflects a 23% decrease in revenues to $14.7 billion. Analysts were looking for a lower top-line number.

Read analysts/management’s comments on Disney’s Q4 2020 results

Shares of the company closed Thursday’s trading down 2%, paring a part of the recent gains. However, they regained strength soon after the earnings announcement. The stock has gained 30% in the past six months.

Walt Disney Q3 2020 Earnings AlphaGraph