Disney, Hole, Take-Two & extra
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Walt Disney — Disney shares rallied 3.7% in noon buying and selling after it reported quarterly earnings of $1.07 per share, 12 cents a share higher than what Wall Avenue analysts had anticipated. Income additionally beat forecasts, boosted by a 52% improve in studio leisure income amid a powerful film field workplace efficiency. Its long-awaited streaming service, Disney+, is ready to launch on November 12.
Monster Beverage — Shares of the vitality drink maker gained greater than 3% after the corporate beat earnings and income estimates for the third quarter. Gross sales rose 11%, and the corporate additionally introduced a $500 million share repurchase program.
Hole — The attire retailer’s inventory fell 7% after the corporate introduced that CEO Artwork Peck could be stepping down, efficient instantly. The corporate additionally warned that its outcomes for the present quarter could be weaker-than-expected. The slide within the inventory value wiped $466 million from the corporate’s worth.
Zillow — Zillow’s inventory popped greater than 12% after it reported a loss 12 cents per share for the third quarter, smaller than the 21 cents a share loss for which Wall Avenue was making ready. The true property web site operator’s income got here in above estimates, and it gave an upbeat forecast as properly.
Take-Two Interactive — Take-Two rose 2.3% after reporting a better-than-expected $2.02 per share in revenue for its fiscal second quarter. The quarter’s efficiency was buoyed by sturdy demand for its NBA, Grand Theft Auto, and Purple Lifeless Redemption video games.
Teradata — Shares of the information analytics software program firm plunged greater than 16% on weaker-than-expected quarterly outcomes. Teradata posted a revenue of 32 cents per share on $459 million in income. Analysts polled by Refinitiv anticipated earnings per share of 40 cents on $486 million in income. The corporate additionally issued comfortable earnings steerage for the present quarter and introduced CEO Oliver Ratzesberger resigned, efficient instantly.
Dropbox — Dropbox slid almost 6% regardless of better-than-expected earnings. The cloud storage firm earned 13 cents per share within the third quarter, 2 cents forward of estimates, in accordance with Refinitiv. Its income additionally topped estimates. The corporate stated it’s benefiting from its new desktop app in addition to good outcomes from its Dropbox Areas collaboration software program.
SurveyMonkey — Shares of on-line cloud-based survey firm tanked 9% after the corporate reported disappointing third-quarter earnings. The corporate reported a lack of 12 cents per share, whereas analysts have been anticipating a lack of 5 cents per share, in accordance with Refinitiv. Income got here in at $79.Three million, which beat estimates of $77.95 million.
– CNBC’s Yun Li, Pippa Stevens, Fred Imbert and Maggie Fitzgerald contributed to this report.