Stock Groups

Coca-Cola, Twitter, Tapestry and others

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See which companies are making the headlines even before the bell rings.

Coca-Cola (KO) – Coca-Cola shares added 1.3% in the premarket after the company beat estimates by 4 cents with adjusted quarterly earnings of 45 cents per share. Coca-Cola also beat Wall Street estimates for revenue and projects that commodity price inflation will hover in the middle-single-digit range by 2022.

Twitter (TWTR) – Twitter jumped 6.6% in premarket action, despite reporting top and bottom-line misses for its latest quarter. Twitter announced its new stock buyback program of $4 billion.

Tapestry (TPR) – The company behind the Coach and Kate Spade brands reported adjusted quarterly earnings of $1.33 per share, beating the $1.18 consensus estimate. Tapestry’s revenue beat all estimates and it also increased its full-year guidance due to rising demand for its luxury goods.

Canada Goose (GOOS) – The maker of winter wear saw its shares tumble 10.3% in premarket trading after its earnings fell below analyst forecasts, although revenue topped predictions. Canada Goose reduced its full-year outlook due to Covid restrictions that impact the demand for parkas as well as footwear.

Walt Disney (DIS) – Disney surged 7.5% in premarket trading after beating Wall Street forecasts on the top and bottom lines for its latest quarter. Disney earned $1.06 per share in adjusted trading, which was well above the consensus estimate at 63cs per share. It was helped by growth of its Disney+ subscriber base, as well as record profits from its theme parks.

Uber Technologies (UBER) – Uber reported better-than-expected quarterly results as its ride-hailing business rebounded. Uber Eats continues to be in high demand. Premarket trading saw shares rise by 5.8%

Mattel (MAT) – Mattel came in 23 cents above estimates with adjusted quarterly earnings of 53 cents per share, and the toy maker’s revenue also beat analysts forecasts. Mattel was driven by the growth of its Barbie brand. It also released a optimistic outlook for 2022. Shares soared by 12.6% on the premarket.

Sonos (SONO) – Sonos rallied 6.4% in premarket trading after topping analyst estimates on the top and bottom lines for the latest quarter. Although demand for smart audio equipment is strong, the company said that supply chain problems are still affecting it.

Datadog (DDOG) – Datadog surged 14.5% in the premarket after the cybersecurity platform company reported better-than-expected profit and revenue for its latest quarter.

Twilio (TWLO) – Twilio rocketed 19.8% higher in premarket action after the communications software company reported a narrower-than-expected quarterly loss and revenue that was well above estimates. Twilio released a more positive current quarter revenue outlook.

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