Shares of Walt Disney Co dropped 2.4% on Thursday after the media company delayed the reopening of theme parks and resort hotels in California, following a surge in fresh COVID-19 cases in the state.
FILE PHOTO: Walt Disney Co's Disneyland and California Adventure theme parks in Southern California are now closed due to the global outbreak of coronavirus in Anaheim, California, U.S., March 14, 2020. REUTERS/Mike Blake
The reopening of Disneyland Park and Disney California Adventure Park that was earlier scheduled for July 17 will be delayed until Disneyland receives an approval from state officials, the company said. Last month, the company estimated that global lockdown measures aimed at tamping down the spread of the contagion slashed its profit by $1.4 billion, mostly from its shuttered theme parks.
Last week, Apple Inc said it is temporarily shutting some stores again in Florida, Arizona, South Carolina, and North Carolina.
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