Walt Disney Trounces Q4 Estimates on Back of Disney+ Subscriber Growth; Dividend Suspended
Walt Disney (NYSE: DIS) was a stock on the rise in post-market trading on Thursday, following the after-hours release of its fourth quarter of fiscal 2020 results.
For the quarter, the entertainment giant suffered a 23% drop in revenue, to $14.7 billion. The bottom line plunged violently into the red, with a loss from continuing operations of $710 million against the year-ago profit of $777 million. When adjusted for certain items, the former shook out to a $0.20 per share deficit.
Image source: Walt Disney.
Source Fool.com
