The Walt Disney Co. swung to a loss in its second quarter because of restructuring and other charges, but adjusted profit topped expectations and theme parks continued to strengthen.
Wall Street reacted negatively to the report with the company’s stock down 10% to $104.74 in early afternoon trading.
Revenue at Disney’s domestic theme parks rose 7%, while its theme parks overseas reported a 29% increase.
The company reported more spending by guests at Walt Disney World because of higher ticket prices, while Disneyland guests boosted their spending due to ticket prices and hotel room rates.
Overseas, Hong Kong Disneyland
