After the close, Disney (DIS) is scheduled to report Q3 results, with an earnings call to follow at 4:30 ET.
For the quarter, analysts are expecting DIS to report revenue of $12.4 bln, equating to an estimated yr/yr decline of 39%.
The dive in revenue is expected to lead to a loss per share of ($0.67), its first quarterly loss in many years.
DIS does not provide EPS or revenue guidance. Therefore, the company's earnings can widely deviate from analysts' forecasts.
TECHS
Driven by the rampant growth of Disney+, the Direct-to-Consumer segment has been the clear stand-out. Last quarter, revenue surged by 273% to $4.1 bln. This segment is quickly becoming a much larger piece of the company's overall business (23% of revenue vs. 7% in 2Q19) due to the robust growth.
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