Business

Six Flags, Canada Goose, Warby Parker and more


Check out the companies that make headlines before the alarm goes off:

Six flags (SIX) – Shares of the amusement park operator fell 12.8% in money markets after its quarterly profit and revenue fell short of Wall Street forecasts. Six Flags saw its result be a 22% drop in attendance, among other factors.

Canadian Goose (GOOS) – The outerwear maker reported a smaller-than-expected quarterly loss, with revenue exceeding analysts’ forecasts. Canada Goose is the latest luxury retailer to see their premium consumers maintain their spending levels. Shares were up 2.4% in pre-market trading.

Warby Parker (WRBY) – The eyewear retailer reported a smaller-than-expected quarterly loss, with sales exceeding estimates. The number of active customers was up 8.7% from a year earlier.

Brand Utz (UTZ) – The savory snack maker’s shares jumped 8.2% in money markets after reporting better-than-expected quarterly profit and revenue, as well as an uptick in its full-year sales outlook. .

Cardinal Health (CAH) – Cardinal Health fell 1% in money markets after reporting a mixed quarter, with pharmaceutical distributor earnings beating Street forecasts and revenue falling short of estimates. Cardinal Health also announced that Chief Executive Officer Mike Kaufmann will step down on September 1 to succeed Chief Financial Officer Jason Hollar.

Walt Disney (DIS) – Disney rallied 8.9% in the crypto market after reporting better-than-expected quarterly earnings and announcing a December 8 launch date for the ad-supported version of its streaming service. its Disney+ online. They also announced they will increase the price of the ad-free service to $10.99 per month from $7.99.

Sonos (SONO) – Sonos slid 17.6% in money markets after the quarter broke even surprising analysts who were expecting a profit. Revenue was also much lower than Wall Street forecasts, with the company cutting its full-year forecast ahead of economic challenges. The premium speaker maker also announced the departure of Chief Financial Officer Brittany Bagley as of September 1.

Buzz (BMBL) – Bumble fell 8.9% in pre-market trading after the dating service operator cut its annual revenue forecast. Bumble is facing stiff competition from rivals like parent company Tinder Match group (MTCH), and the dating app Badoo – popular in Western Europe – has been hurt by the war in Ukraine.

Vacasa (VCSA) – Vacasa rose 24.7% in pre-sales after the vacation rental provider raised its full-year outlook amid a surge in demand. Vacasa also reported an unexpected quarterly profit.

Vizio (VZIO) – Vizio jumped 2% in pre-market trading after the maker of smart TVs and other consumer entertainment devices reported surprise profits in its most recent quarter, with revenue averaging over per user increased 54% from a year earlier.



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