By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Thursday, February 10th. Please refresh for updates.
Disney (NYSE:DIS) stock rose 7.5% after the entertainment giant’s fourth-quarter results revealed strong subscriber growth in its streaming services and more people returning to its theme parks. It also forecast stronger subscriber growth in the second half of its year than in the first half.
Uber (NYSE:UBER) stock rose 5.6% after the ride-hailing firm posted a net profit due to gains on its equity investments, while its food delivery business delivered its maiden profit.
Mattel (NASDAQ:MAT) stock soared 11% after the toymaker forecast full-year profit above estimates, confident that robust demand for its Barbie dolls and other toys will help it weather supply chain disruptions.
Twitter (NYSE:TWTR) stock rose 4.2% after the social media giant authorized $4 billion in share buybacks even as it reported weaker-than-expected quarterly advertising revenue and user growth on Thursday.
Coca-Cola (NYSE:KO) stock rose 1% after the soft drinks giant reported better than expected quarterly revenue, helped by higher prices for its beverages and on gradual reopening of venues across the world.
PepsiCo (NASDAQ:PEP) stock rose 0.2% after the beverages company beat estimates for quarterly revenue, while announcing a 7% increase in annualized dividend and a new $10 billion stock buyback program.
Tesla (NASDAQ:TSLA) stock fell 0.2% after the electric car manufacturer announced the recall of almost 579,000 vehicles in the United States because of concerns over its pedestrian warning risk sounds, the tenth U.S. recall over the last four months.
Tapestry (NYSE:TPR) stock rose 3.5% after the luxury fashion holding company raised its full-year revenue and profit forecasts on strong demand for purses and apparel in the United States and Europe.
Canada Goose (NYSE:GOOS) stock fell 11% after the winter wear retailer cut its full-year revenue forecast on Thursday, as Omicron-related restrictions weigh on demand for its luxury parkas and footwear.
MGM Resorts (NYSE:MGM) stock rose 1.3% after the hotel and casino operator beat quarterly revenue expectations, reporting an occupancy rate of 86% for its Las Vegas Strip resorts, up from 38% the previous year.
Twilio (NYSE:TWLO) stock soared 20% after the communications platform posted a big revenue beat, helped by gains from its acquisitions Segment and Zipwhip.
Unilever (NYSE:UL) ADRs fell 1.8% after the consumer goods giant said it will take two years for it to regain the profitability levels it saw last year, citing rising input price pressures.