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Coca-Cola, Twitter, Tapestry and others


Take a look at the businesses making headlines earlier than the bell:

Coca-Cola (KO) – Coca-Cola shares added 1.3% within the premarket after the corporate beat estimates by 4 cents with adjusted quarterly earnings of 45 cents per share. Income additionally beat Wall Avenue forecasts, and Coca-Cola tasks commodity value inflation will likely be within the mid-single-digit proportion vary for 2022.

Twitter (TWTR) – Twitter jumped 6.6% in premarket motion, regardless of reporting high and bottom-line misses for its newest quarter. Twitter additionally introduced a brand new $4 billion inventory buyback program.

Tapestry (TPR) – The corporate behind the Coach and Kate Spade manufacturers reported adjusted quarterly earnings of $1.33 per share, beating the $1.18 consensus estimate. Income beat estimates, and Tapestry additionally raised its full-year steerage on rising demand for its luxurious items.

Canada Goose (GOOS) – The maker of winter put on noticed its shares tumble 10.3% in premarket buying and selling after its earnings fell beneath analyst forecasts, though income topped predictions. Canada Goose reduce its full-year forecast, as Covid-related restrictions affect demand for its parkas and footwear.

Walt Disney (DIS) – Disney surged 7.5% in premarket buying and selling after beating Wall Avenue forecasts on the highest and backside traces for its newest quarter. Disney earned an adjusted $1.06 per share, nicely above the 63 cents per share consensus estimate, helped by progress in its Disney+ subscriber base and as document revenue from its theme parks.

Uber Technologies (UBER) – Uber reported better-than-expected quarterly outcomes as its ride-hailing enterprise rebounded. The corporate continued to see robust demand in its Uber Eats meals supply enterprise. Shares gained 5.8% in premarket buying and selling.

Mattel (MAT) – Mattel got here in 23 cents above estimates with adjusted quarterly earnings of 53 cents per share, and the toy maker’s income additionally beat analysts forecasts. Mattel’s outcomes had been pushed partially by progress in its Barbie model, and it additionally issued an upbeat 2022 outlook. The shares soared 12.6% within the premarket.

Sonos (SONO) – Sonos rallied 6.4% in premarket buying and selling after topping analyst estimates on the highest and backside traces for the newest quarter. The maker of good audio tools mentioned demand stays robust though it’s nonetheless being impacted by provide chain points.

Datadog (DDOG) – Datadog surged 14.5% within the premarket after the cybersecurity platform firm reported better-than-expected revenue and income for its newest quarter.

Twilio (TWLO) – Twilio rocketed 19.8% larger in premarket motion after the communications software program firm reported a narrower-than-expected quarterly loss and income that was nicely above estimates. Twilio additionally issued an upbeat current-quarter income outlook.



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