Tag: 3rd Fiscal Quarter
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Disney Loses $3.5 Billion Due to Pandemic Closures of Parks
The Walt Disney Company lost $3.5 billion in operating income during the fiscal 3rd quarter as a result of the park closures caused by the coronavirus pandemic. The news came from Disney CEO Bob Chapek on an earnings call focused on the 3rd quarter. This contributed to a nearly $5 billion loss for the company…