Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Disney, Utz Brands, Vacasa Rise Premarket; Sonos, Bumble Fall

Published 11/08/2022, 13:12
Updated 11/08/2022, 13:12
© Reuters

© Reuters

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Thursday, August 11th. Please refresh for updates.

  • Walt Disney (NYSE:DIS) stock rose 9.1% after the entertainment giant announced a total of 221 million streaming customers as part of its third quarter results, taking it above main rival Netflix (NASDAQ:NFLX).

  • Sonos (NASDAQ:SONO) stock fell 17% after the audio equipment maker slashed its full-year guidance, citing a challenging macroeconomic backdrop.

  • Bumble (NASDAQ:BMBL) stock slumped 8.3% after the online dating company cut its full-year guidance despite a quarterly revenue beat, citing inflation and foreign exchange headwinds.

  • Six Flags (NYSE:SIX) stock fell 13% after the theme park company posted disappointing quarterly profit and revenue, hit by a 22% drop in attendance.
  • Utz Brands (NYSE:UTZ) stock rose 8.2% after the snack foods company raised its full-year sales outlook, helped by better than expected quarterly profit and revenue numbers.
  • Vacasa (NASDAQ:VCSA) stock soared 25% after the vacation rental company recorded an unexpected quarterly profit, benefiting from surging demand for a break after the COVID-19 period.

  • Canada Goose (NYSE:GOOS) stock rose 3.5% after the luxury clothing company beat quarterly revenue estimates, helped by strong demand for its parkas and jackets.

  • Lowe’s (NYSE:LOW) stock fell 1.6% after Citigroup downgraded the home improvement chain to ‘neutral’ from ‘buy’, saying the housing market is cooling and this will hit demand.

  • AerCap (NYSE:AER) stock rose 2.2% after the world's top aircraft lessor saw strong growth in second quarter revenue, helped by a recovery in air travel "across all major regions."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.