• Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans

Subscribe to Updates

Get the latest finance news and updates directly to your inbox.

Top News

6 Steps to Creating a Home Inventory — Before It’s Too Late

July 9, 2025

Starbucks Wants to Remove Seed Oils From Egg Bites

July 8, 2025

Barbara Corcoran Retains Staff With Wild Perks, No Turnover

July 8, 2025
Facebook Twitter Instagram
Trending
  • 6 Steps to Creating a Home Inventory — Before It’s Too Late
  • Starbucks Wants to Remove Seed Oils From Egg Bites
  • Barbara Corcoran Retains Staff With Wild Perks, No Turnover
  • How to Turn Summer Travel into More Business and Less Taxes
  • Proposed Law Would Mandate Automatic Enrollment Into Medicare Advantage
  • New Tariff Threats Tank Stocks: Find Out How to Protect Your Portfolio
  • These Jobs Can Pay $100 an Hour (or More) Without a Degree
  • Being ‘Nice’ Almost Cost Me My Business — Here’s What I Do Differently Now
Wednesday, July 9
Facebook Twitter Instagram
FintechoPro
Subscribe For Alerts
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans
FintechoPro
Home » Stocks making the biggest moves premarket: Capri, Tapestry, AppLovin, Disney and more
News

Stocks making the biggest moves premarket: Capri, Tapestry, AppLovin, Disney and more

News RoomBy News RoomAugust 10, 20230 Views0
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email Tumblr Telegram

Check out the companies making headlines before the bell:

Capri, Tapestry — Capri soared more than 57%, while Tapestry slid 3.2% in premarket trading. The moves come after luxury company Tapestry, which is behind the brands Coach and Kate Spade, announced Thursday it would acquire Capri Holdings in a roughly $8.5 billion deal. Capri owns the Versace, Jimmy Choo and Michael Kors brands. 

AppLovin — AppLovin shares popped 25.8% in early morning trading after the company posted strong second-quarter results and optimistic third-quarter revenue guidance. The game developer said it expects $780 million to $800 million in revenue for the third quarter, exceeding the $741 million expected by analysts. AppLovin reported earnings of 22 cents per share for the second quarter, while analysts expected 7 cents, according to Refinitiv.

Sonos — Sonos popped 5% after beating analysts’ expectations in its latest quarterly results. The wireless speaker maker reported a loss of 18 cents per share on revenue of $373 million for its fiscal third quarter. Analysts polled by Refinitiv had expected a 20 cent loss per share on revenue of $334 million. Sonos also raised its full-year EBITDA guidance.

Alibaba Group — The U.S. listed shares of Alibaba rose 3.8% after the Chinese tech company beat analysts’ expectations in its quarter ending June. It reported non-GAAP per-share diluted earnings of CNY17.37, more than the consensus estimate of CNY14.59, according to StreetAccount. It posted revenue of CNY234.16 billion, exceeding the CNY224.75 billion forecast. 

Wynn Resorts — Wynn Resorts gained 2.2% after exceeding expectations for its second quarter on the top and bottom lines. The casino operator posted adjusted earnings of 91 cents per share on revenue of $1.6 billion. Analysts polled by Refinitiv had anticipated 59 cents on revenue of $1.54 billion.

Walt Disney — Shares of the media giant gained about 2% in premarket trading after the company said it would raise the price on its ad-free streaming tier in October and that it would crack down on password sharing. Disney reported a 7.4% decline in subscriber count last quarter, however. It also recorded $2.65 billion in one-time charges and impairments, dragging the company to a rare quarterly net loss.

Trade Desk — Shares of the advertising technology company moved up less than 1% after a second-quarter report that beat expectations on the top and bottom lines. Trade Desk generated 28 cents in adjusted earnings per share on $464 million of revenue. Analysts surveyed by Refinitiv were expecting 26 cents per share on $455 million of revenue. The company also said it expected revenue of at least $485 million in the third quarter, above the $480 million projected by analysts.

Six Flags Entertainment — Shares slid 3% after Six Flags reported second-quarter earnings that missed estimates. The amusement park company reported earnings of 25 cents per share on revenue of $444.0 million. Analysts polled by Refinitiv had anticipated per-share earnings of 78 cents on revenue of $459.0 million.

Illumina — Illumina dropped 4.6% after reporting weaker-than-expected guidance. The DNA sequencing company surpassed expectations for the second quarter, but expects some weakness in the second half of the year because of a slow recovery in China and a more cautious consumer. Illumina forecasts full-year revenue to rise 1% year over year, lower than the 7.1% rise analysts polled by Refinitiv were anticipating. 

— CNBC’s Yun Li, Jesse Pound and Pia Singh contributed reporting

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

RSS Feed Generator, Create RSS feeds from URL

News November 22, 2024

X CEO Linda Yaccarino addresses Musk’s ‘go f—- yourself’ comment to advertisers

News November 30, 2023

67-year-old who left the U.S. for Mexico: I’m happily retired—but I ‘really regret’ doing these 3 things in my 20s

News November 30, 2023

U.S. GDP grew at a 5.2% rate in the third quarter, even stronger than first indicated

News November 29, 2023

Americans are ‘doom spending’ — here’s why that’s a problem

News November 29, 2023

Jim Cramer’s top 10 things to watch in the stock market Tuesday

News November 28, 2023
Add A Comment

Leave A Reply Cancel Reply

Demo
Top News

Starbucks Wants to Remove Seed Oils From Egg Bites

July 8, 20250 Views

Barbara Corcoran Retains Staff With Wild Perks, No Turnover

July 8, 20250 Views

How to Turn Summer Travel into More Business and Less Taxes

July 8, 20250 Views

Proposed Law Would Mandate Automatic Enrollment Into Medicare Advantage

July 8, 20251 Views
Don't Miss

New Tariff Threats Tank Stocks: Find Out How to Protect Your Portfolio

By News RoomJuly 8, 2025

fizkes / Shutterstock.comAdvertising Disclosure: When you buy something by clicking links within this article, we…

These Jobs Can Pay $100 an Hour (or More) Without a Degree

July 8, 2025

Being ‘Nice’ Almost Cost Me My Business — Here’s What I Do Differently Now

July 7, 2025

Jack Dorsey Announces Bitchat Messaging App

July 7, 2025
Facebook Twitter Instagram Pinterest Dribbble
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
© 2025 FintechoPro. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.