Walt Disney: Q1 adjusted EPS dives 79%

(CercleFinance.com) - Walt Disney has published an almost symbolic EPS of two cents for Q1 2020-21, completely wiped out in comparison with the 1.
17 dollar a year ago.

Excluding extraordinary items, it fell 79% to 32 cents, although analysts were fearing a loss per share.

Walt Disney saw its operating income for segments collapse 67% to 1.33 billion dollars, for revenues that are down 22% to 16.25 billion dollars, with Covid-19 ravaging its parks, experiences and products division (-53% on revenues).

"Since late in the second quarter of fiscal 2020, our parks and resorts have been closed or operating at significantly reduced capacity and our cruise ship sailings have been suspended," the entertainment giant said.


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