Walt Disney loses its income

The world's largest entertainment company has published its data for the second quarter of the US fiscal year. The results didn’t meet analysts' expectations. The Walt Disney’s income has dropped significantly, due to the sales volume decrease in advertising, and the reduction in the revenue from the theme parks. Also, the number of subscriptions to the sports channel ESPN has declined, since the majority of customers switched to cable and satellite TV.

The Walt Disney shares have fallen by 4.04% and continue to decrease in value. Traders have a great chance to earn money on the asset’s further decline. Remember, that trading will be available during the American session, from 14:40 to 21:00 GMT time.

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