Universal Parks & Resorts Revenue Down Nearly 81% in Third Quarter; Anticipates Breaking Even in 2021

Universal Studios Florida entrance globe and archway

Despite revenue being down over 80% in the third fiscal quarter, Universal Parks & Resorts expressed optimism that they will break even in 2021. The Orlando Business Journal‘s Richard Bilbao described the discussion taking place on the third quarter report from Universal’s parent company, Comcast. Unsurprisingly, the theme parks end of the business is still … Read more

Disney Shares Fall After Disappointing Quarter 3 Results

The Walt Disney Company

The Walt Disney Company, long the darling of Wall Street, has finally hit some headwinds. Earnings per share of $1.35 missed the estimated target of $1.75, causing shares to fall 2.5% after hours. Revenue of $20.25 billion missed estimates of $21.47 billion which was part of the reason for the EPS miss. Parks & Resorts … Read more