Tuesday, May 21, 2024

Before the bell, have a look at the businesses making news:

Capri, Tapestry – In premarket trade, Capri increased by more than 57%, while Tapestry decreased by 3.2%.

AppLovin – After the firm announced solid second-quarter earnings and upbeat third-quarter revenue forecast, AppLovin shares soared 25.8% in early morning trading.

Sonos – Sonos increased 5% as its most recent quarterly earnings exceeded analysts’ estimates.

The Alibaba Group Alibaba’s U.S.-listed shares increased 3.8% after the Chinese internet company outperformed analysts’ forecasts in its most recent quarter, which ended in June.

Wynn Resorts – Wynn Resorts increased 2.2% as its top and bottom lines for the second quarter beat forecasts.

Walt Disney — Before the opening bell, the media behemoth’s shares rose roughly 2% after the announcement that it would increase the cost of its ad-free streaming tier in October and would crack down on password sharing.

Trade Desk – Following a second-quarter report that exceeded expectations on both the top and bottom lines, shares of the advertising technology company increased by less than 1%.

Shares of Six Flags Entertainment fell by 3% after the company disclosed second-quarter profits that fell short of expectations.

Illumina – After releasing weaker-than-expected guidance, Illumina saw a 4.6% decline.

Source (CNBC)

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