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Disney warns the Hong Kong protests could slam its operating profit with a $275 million hit

9 days ago   |   By Business Insider

Disney cautioned investors on its fourth-quarter earnings call that the Hong Kong protests could cost the company $275 million in operating profit next year.
The media conglomerate is projecting operating income will fall $80 million at Hong Kong Disneyland during the first quarter of 2020 alone.
The warning comes as widespread protests over the last several months have thrust Hong Kong into its first recession in a decade.
Watch Disney trade live on Markets Insider .
If months of protests in Hong Kong spill over into 2020, Disney says it could absorb a $275 million hit to its operating...
Read more ...

 

Disney warns the Hong Kong protests could slam its operating profit with a $275 million hit

Disney warns the Hong Kong protests could slam its operating profit with a $275 million hit

9 days ago   |   By Business Insider

Disney cautioned investors on its fourth-quarter earnings call that the Hong Kong protests could cost the company $275 million in operating profit next year.
The media conglomerate is projecting operating income will fall $80 million at Hong Kong Disneyland during the first quarter of 2020 alone.
The warning comes as widespread protests over the last several months have thrust Hong Kong into its first recession in a decade.
Watch Disney trade live on Markets Insider .
If months of protests in Hong Kong spill over into 2020, Disney says it could absorb a $275 million hit to its operating...
Read more ...

 


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