Stock futures rose Thursday ahead of U.S. consumer inflation data that could help investors better gauge the Federal Reserve’s next move on interest rates.
These stocks were poised to make moves Thursday:
(DIS) reported fiscal third-quarter adjusted earnings that topped Wall Street expectations while revenue missed slightly. The stock was getting a lift in premarket trading, up 1.3%, after the entertainment giant said it would be and was exploring ways to crack down on password sharing. Meanwhile,
+ subscribers ended the quarter at 105.7 million, up 1% from a year earlier, and modestly above the 104.9 million reported in the second quarter.
(CPRI) was rising 30% to $44.90 following a report from The Wall Street Journal said
(TPR), the owner of Coach, was in talks to buy Capri, the parent company of Michael Kors, Jimmy Choo and Versace. The deal, which has been under discussion for months, could be announced as soon as Thursday, the Journal reported, citing people familiar with the matter. The Journal said the deal could value
in the high single-digit billions.
(APP) stock surged 24% as the software company swung to a profit in the second quarter and revenue beat forecasts.
said it anticipates third-quarter revenue of $780 million to $800 million, compared with Wall Street consensus of $741 million.
(PLUG) declined 12% in premarket trading after the hydrogen fuel-cell technology company’s second-quarter loss of 40 cents a share was wider than analysts’ expectations. Revenue in the period rose to $260.2 million from $151.3 million a year earlier and was higher than predictions of $237.7 million.
(TTD) reported second-quarter adjusted earnings of 28 cents a share, higher than expectations of 26 cents, while revenue of $464 million also beat forecasts. Shares of the internet advertising platform company, however, fell 3.4%.
Shares of casino operator
(WYNN) were rising 1.9% after second-quarter profit and sales beat forecasts. Wynn Chief Executive Craig Billings said the post-Covid recovery in Macau “accelerated during the quarter.”
(ILMN) reduced its full-year guidance and shares of the gene-sequencing company declined 4.8% in premarket trading. Interim Chief Executive Charles Dadswell said
expect second-half revenue to be “negatively impacted by customers remaining more cautious in their purchasing,” and “a more protracted recovery in China.”
(SONO) was jumping 7.4% after the maker of wireless audio speakers reported better-than-expected fiscal third-quarter revenue and said it expects fiscal-year revenue of between $1.64 billion and $1.66 billion, compared with its previous guidance of $1.625 billion to $1.675 billion.
(BABA) is expected by analysts to report profit of $2.02 a share in its fiscal first quarter on revenue of $31.2 billion. If the numbers are in-line, it would be the e-commerce and cloud computing giant’s best quarter in about two years on both metrics, excluding December quarters that deliver explosive holiday shopping activity.
Earnings reports also are expected Thursday from
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