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