Market Weekly: May 3- May 9 2020

#23607
MoneyNeverSleeps
Participant

[quote=”MoneyNeverSleeps” post=13434]Disney Reports Today:

Ahead of today’s report Gina Sanchez, CEO of Chantico Global, “Seventy percent of Disney’s revenues come from just parks and media and if you have lower ad spending budgets for the next 18 to 24 months, and you have a very slow reopening of the parks, then that is definitely going to hurt Disney,” Sanchez said during the same segment. “If we see a resurgence or any kind of second wave, then that could hit parks as well. … There is reason for caution.”[/quote]

Disney is expected to post 91 cents in adjusted profit for its fiscal second quarter ended in March, according to FactSet, down from $1.61 a year earlier. This is even as sales are projected to rise by 21%.