Jill Goldsmith Co-Business EditorWalt Disney blew past Wall Street estimates last quarter although it swung to red and revenue fell with Disneyland shuttered, and movie theaters in major markets dark.
It’s the last showbiz giant to report financials in the latest earnings round and the most anticipated as its sprawling businesses touch most of media and entertainment for better or worse.Losses for the three months ended in September was much lower than anticipated, coming in at 20 cents a share.
Revenue of $14.7 billion was down from from $19 billion the year earlier. Wall Street had anticipated negative 70 cents a share on revenue of around $14.2 billion.
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