Just yesterday, Walt Disney’s stock closed at $179.29. However, today, it is skyrocketing: it is currently at $188.8, resulting in a solid 5.3% gain. The company yesterday reported its Third fiscal quarter earnings. Diluted earnings per share (EPS) from continuing operations for the quarter was an income of $0.50 compared to a loss of $2.61 in the prior-year quarter.
Excluding certain items, diluted EPS for the quarter increased to $0.80 from $0.08 in the prior-year quarter. Diluted EPS from continuing operations for the nine months ended July 3, 2021, increased to income of $1.02 compared to a loss of $1.17 in the prior-year period. Excluding certain items, diluted EPS for the nine months decreased 14% to $1.91 from $2.22 in the prior-year period.
Since early 2020 and continuing into 2021, COVID-19 and measures to prevent its spread have impacted our segments in several ways, most significantly at the Disney Parks, Experiences, and Products segment where our theme parks and resorts have been closed and cruise ship sailings and guided tours have been suspended. Theme parks and resorts resumed operations, generally at reduced capacity, at various points from May 2020 through June 2021 and we have commenced an ongoing return of cruise ship sailings and guided tours
Finance and Entertainment Reporter
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