February 28, 2018
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Walt Disney Co. beat Wall Street estimates on earnings and revenue in the fiscal second quarter. The Burbank entertainment and media giant on Wednesday reported net income of $5.4 billion ($1.61 a share) on revenue of $14.92 billion for the quarter ending March 30.
Walt Disney Co. has proposed to pay some of its unionized employees a minimum wage of $15 an hour by 2020 at the Disneyland Resort.
Disneyland may be the Happiest Place on Earth for visitors, but low wages have caused homelessness, hunger and financial woes for its employees, according to a report released on Feb. 28.