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Tag: Sonos Inc

  • Shares making the most important strikes premarket: Capri, Tapestry, AppLovin, Disney and extra

    A consumer having a look at Michael Kors purses within the Macy’s flagship retailer in New York.

    Scott Mlyn | CNBC

    Take a look at the corporations making headlines ahead of the bell.

    Capri, Tapestry — Capri soared greater than 57%, whilst Tapestry slid 3.2% in premarket buying and selling. The strikes come after luxurious corporate Tapestry, which is at the back of the manufacturers Trainer and Kate Spade, introduced Thursday it will gain Capri Holdings in a more or less $8.5 billion deal. Capri owns the Versace, Jimmy Choo and Michael Kors manufacturers. 

    AppLovin — AppLovin stocks popped 25.8% in early morning buying and selling after the corporate posted robust second-quarter effects and constructive third-quarter income steerage. The sport developer mentioned it expects $780 million to $800 million in income for the 0.33 quarter, exceeding the $741 million anticipated by means of analysts. AppLovin reported income of twenty-two cents in line with percentage for the second one quarter, whilst analysts anticipated 7 cents, in keeping with Refinitiv.

    Sonos — Sonos popped 5% after beating analysts’ expectancies in its newest quarterly effects. The wi-fi speaker maker reported a lack of 18 cents in line with percentage on income of $373 million for its fiscal 0.33 quarter. Analysts polled by means of Refinitiv had anticipated a 20 cent loss in line with percentage on income of $334 million. Sonos additionally raised its full-year EBITDA steerage.

    Alibaba Team — The U.S.-listed stocks of Alibaba rose 3.8% after the Chinese language tech corporate beat analysts’ expectancies in its quarter finishing June. It reported non-GAAP per-share diluted income of CNY17.37, greater than the consensus estimate of CNY14.59, in keeping with StreetAccount. It posted income of CNY234.16 billion, exceeding the CNY224.75 billion forecast. 

    Wynn Hotels — Wynn Hotels won 2.2% after exceeding expectancies for its moment quarter at the most sensible and backside strains. The on line casino operator posted adjusted income of 91 cents in line with percentage on income of $1.6 billion. Analysts polled by means of Refinitiv had expected 59 cents on income of $1.54 billion.

    Walt Disney — Stocks of the media large won about 2% in premarket buying and selling after the corporate mentioned it will lift the fee on its ad-free streaming tier in October and that it will crack down on password sharing. Disney reported a 7.4% decline in subscriber rely closing quarter, alternatively. It additionally recorded $2.65 billion in one-time fees and impairments, dragging the corporate to an extraordinary quarterly web loss.

    Industry Table — Stocks of the promoting era corporate moved up not up to 1% after a second-quarter record that beat expectancies at the most sensible and backside strains. Industry Table generated 28 cents in adjusted income in line with percentage on $464 million of income. Analysts surveyed by means of Refinitiv have been anticipating 26 cents in line with percentage on $455 million of income. The corporate additionally mentioned it anticipated income of a minimum of $485 million within the 0.33 quarter, above the $480 million projected by means of analysts.

    Six Flags Leisure — Stocks slid 3% after Six Flags reported second-quarter income that ignored estimates. The amusement park corporate reported income of 25 cents in line with percentage on income of $444.0 million. Analysts polled by means of Refinitiv had expected income in line with percentage of 78 cents on income of $459.0 million.

    Illumina — Illumina dropped 4.6% after reporting weaker-than-expected steerage. The DNA sequencing corporate surpassed expectancies for the second one quarter however expects some weak point in the second one part of the yr as a result of a sluggish restoration in China and a extra wary client. Illumina forecasts full-year income to upward thrust 1% yr over yr, less than the 7.1% upward thrust analysts polled by means of Refinitiv have been expecting. 

    — CNBC’s Yun Li, Jesse Pound and Pia Singh contributed reporting.

  • Shares making the largest strikes after hours: Disney, Wynn Hotels, AppLovin and extra

    An inflatable Disney+ brand is pictured at a press tournament forward of launching a streaming provider within the Center East and North Africa, at Dubai Opera in Dubai, United Arab Emirates, June 7, 2022.

    Yousef Saba | Reuter

    Take a look at the firms making headlines after the bell.

    Disney — The leisure massive added about 5% in prolonged buying and selling after posting blended quarterly effects. Disney reported adjusted income of $1.03 a proportion, as opposed to the 95 cents anticipated by means of analysts, in line with Refinitiv. Income got here in at $22.33 billion, in the back of the $22.5 billion anticipated. The corporate additionally posted a more or less 7% lower in Disney+ subscribers all over the length and introduced a hike in streaming costs.

    Wynn Hotels — The on line casino inventory rose 2.5% on second-quarter effects that crowned expectancies at the most sensible and backside strains. Wynn Hotels reported adjusted income of 91 cents in line with proportion on income of $1.6 billion. That got here in forward of the 59 cents and $1.54 billion anticipated by means of analysts, in line with Refinitiv.

    AppLovin — AppLovin stocks surged 22% on stable second-quarter effects and constructive third-quarter income steering. The sport developer mentioned it expects $780 million to $800 million in income for the 0.33 quarter, forward of the $741 million anticipated by means of analysts. The corporate posted income of twenty-two cents in line with proportion for the second one quarter, forward of the 7 cents anticipated by means of analysts, consistent with Refinitiv.

    Illumina — The DNA sequencing corporate shed greater than 6% after the bell on weaker-than-expected steering. Illumina crowned Wall Side road’s expectancies for the second one quarter, however mentioned it anticipates some weak point in the second one part, because of a chronic restoration in China and extra cautiousness in buying from shoppers. The corporate expects full-year income to upward push 1% 12 months over 12 months, as opposed to the 7.1% uptick analysts anticipated, in line with Refinitiv.

    The Industry Table — Stocks misplaced just about 4% after the bell in spite of The Industry Table posting better-than-expected quarterly effects and reasonably strong-than-anticipated steering for the present length. The promoting era corporate reported adjusted income of 28 cents in line with proportion on income of $464 million. That crowned the 26 cents in line with proportion on $455 million in income anticipated, consistent with Refinitiv.

    Sonos — The wi-fi speaker maker’s inventory jumped 11% in prolonged buying and selling on stronger-than-expected effects. Sonos reported a smaller-than-expected lack of 18 cents in line with proportion on income totaling $373 million. Analysts surveyed by means of Refinitiv had expected a 20 cent loss in line with proportion on income of $334 million. The corporate additionally lifted its full-year EBITDA steering.

  • Sonos lays off 7%, or about 130 staff

    Patrick Spence, president and leader government officer of Sonos Inc., speaks all over a Bloomberg Generation Tv interview in San Francisco, California, U.S., on Monday, Feb. 11, 2019.

    David Paul Morris | Bloomberg | Getty Photographs

    Wi-fi speaker corporate Sonos stated in a Wednesday submitting that it might lay off about 7% of its body of workers, or kind of 130 staff.

    Stocks of Sonos had been down just about 1% in premarket buying and selling.

    “Within the face of persevered headwinds now we have needed to make some exhausting alternatives, together with getting rid of some positions and reevaluating program spend,” Sonos CEO Patrick Spence stated.

    The corporate hired 1,844 other folks as of October 2022, when it closing disclosed its head rely. Sonos expects to incur $11 million to $14 million in restructuring prices, which come with the price of severance but additionally bills related to streamlining its actual property portfolio and bills.

    Sonos lower its steering in its most up-to-date income document for the duration ended April 1, 2023. Income lowered 23.9% yr over yr, to $304.2 million.

    The corporate had in the past lower head rely by way of 12% in 2020, in keeping with the all of a sudden unfolding Covid pandemic.

  • Shares making the most important strikes after hours: Disney, Past Meat, Sonos, Robinhood and extra

    Robyn Beck | Afp | Getty Photographs

    Take a look at the corporations making headlines in prolonged buying and selling.

    Disney — Stocks fell 4.7% after the corporate reported combined fiscal 2d quarter effects. Income got here in keeping with estimates, whilst income fairly beat analysts’ estimates, in keeping with Refinitiv information. Whilst the corporate mentioned its losses from its streaming phase narrowed, it shed 4 million Disney+ subscribers.

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    Past Meat — The other meat producer’s stocks rose 8.5% after Past Meat posted better-than-expected effects for the primary quarter. Past Meat reported a lack of 92 cents consistent with proportion and $92.2 million in income. Analysts had expected a lack of $1.01 consistent with proportion on income of $90.8 million, in keeping with Refinitiv.

    Robinhood — Stocks of the retail brokerage rose 4% in prolonged buying and selling after Robinhood reported $441 million in income for the primary quarter, above the $425 million predicted via analysts, in keeping with Refinitiv. Transaction revenues for equities and choices had been each up from the fourth quarter, and per 30 days lively customers rose fairly to 11.8 million.

    Cohesion Instrument – Cohesion Instrument stocks popped 12% after the corporate beat income estimates for the new quarter, in keeping with Refinitiv. Cohesion additionally shared stronger-than-expected steering for the present quarter, pronouncing it expects income to vary between $510 million and $520 million.

    Groupon — Stocks dropped 4% after the coupon corporate posted first-quarter income that got here in under expectancies, in keeping with Refinitiv. Groupon reported income of $121.6 million, whilst the Boulevard known as for $134.9 million.

    Sonos — The house sound machine’s stocks fell 18%. Sonos posted a lack of 24 cents consistent with proportion, whilst analysts polled via Refinitiv known as for a lack of 18 cents consistent with proportion. Sonos CEO Patrick Spence introduced the corporate is lowering its steering for the second one part of the 2023 fiscal yr amid “softening client call for and channel spouse stock tightening.”

    — CNBC’s Jesse Pound and Samantha Subin contributed reporting.

  • Shares making the most important strikes noon: Sonos, Salesforce, Disney, Credit score Suisse and extra

    Those are the shares posting the most important strikes in noon buying and selling.

  • Shares making the largest strikes premarket: Macy’s, BJ’s Wholesale, Kohl’s and others

    Take a look at the firms making headlines sooner than the bell:

    Macy’s (M) – Macy’s inventory leaped 9.6% within the premarket after the store reported better-than-expected benefit and earnings. Similar-store gross sales fell not up to anticipated and the corporate additionally raised its income outlook.

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    BJ’s Wholesale (BJ) – BJ’s added 2.4% in premarket buying and selling after beating analyst forecasts on each the highest and backside traces for its newest quarter. The warehouse store additionally reported better-than-expected similar shop gross sales and raised its full-year forecast.

    Kohl’s (KSS) – Kohl’s slid 3.8% in premarket motion after it withdrew its monetary forecast, bringing up more than a few uncertainties together with macroeconomic stipulations and the departure of CEO Michelle Gass.

    Alibaba (BABA) – The China-based e-commerce massive reported better-than-expected income however earnings fell wanting analyst forecasts. The corporate additionally greater its percentage buyback program. Alibaba fell 1.8% within the premarket.

    Nvidia (NVDA) – Nvidia rose 1.2% within the premarket following better-than-expected earnings for the 3rd quarter and plenty of analysts predicting a rebound within the spring of 2023. The corporate additionally neglected bottom-line estimates for its newest quarter and issued a tepid gross sales forecast as call for for its video gaming chips wanes.

    Cisco Methods (CSCO) – Cisco rallied 4.5% in off-hours buying and selling after the networking apparatus and device corporate reported better-than-expected quarterly effects and issued an upbeat forecast. Cisco additionally mentioned it will enforce a “restricted trade restructuring.”

    Bathtub & Frame Works (BBWI) – Bathtub & Frame Works stocks surged 21.9% within the premarket after the private items store raised its full-year income forecast. CEO Sarah Nash mentioned the corporate is happy with its vacation season product collection and it’s eager about stock and expense control.

    Sonos (SONO) – Sonos jumped 3.3% in premarket motion after the high-end speaker maker’s gross sales for the newest quarter exceeded analyst forecasts. Sonos additionally mentioned provide chain problems have eased and it has enough stock for the vacation buying groceries season.

    Norwegian Cruise Line (NCLH) – The cruise line operator’s inventory slid 5% in premarket buying and selling after a double-downgrade from Credit score Suisse to underperform from outperform, with the company bringing up plenty of components together with valuation.

  • Shares making the largest strikes after hours: Cisco, Tub & Frame Works, Nvidia and extra

    A runner jogs previous Cisco Programs headquarters in San Jose, California, U.S., on Monday, Feb. 8, 2021.

    David Paul Morris | Bloomberg | Getty Photographs

    Take a look at the firms making headlines in after-hour buying and selling.

    Cisco – Stocks jumped 4.8% after the maker of pc networking apparatus beat expectancies for its first-quarter income in keeping with percentage and earnings, consistent with StreetAccount. Cisco additionally issued second-quarter and full-year outlooks that confirmed those self same signs both matching or topping expectancies. However Cisco stated the non-GAAP gross and running margins would most probably are available beneath expectancies for the second one quarter.

    Tub & Frame Works – The corporate that remained after L Manufacturers spun off Victoria’s Secret jumped 16.3% after third-quarter effects doubled StreetAccount’s per-share income estimate, and it additionally beat on earnings. It issued fourth-quarter per-share income expectancies that have been about in-line with analysts polled via FactSet, whilst elevating full-year steering.

    Nvidia – The maker of top of the range graphics processing devices received 2.7% after beating analysts’ earnings expectancies, however coming in below per-share income estimates. Fourth-quarter steering confirmed earnings moderately beneath analysts’ prediction. Nvidia introduced previous Wednesday a partnership with Microsoft to construct a man-made intelligence tremendous pc.

    Sonos – The maker of multiroom audio programs added 2.3% after it beat expectancies for per-share income and earnings in its fourth-quarter income. Sonos stated it grew its general choice of families via 11% within the fiscal yr.

  • Shares making the largest strikes noon: Six Flags, Disney, Sonos and extra

    Shoppers are socially distanced on rides just like the Surprise Girl: Lasso of Reality at Six Flags Nice Journey in Jackson, New Jersey.

    Kenneth Kiesnoski/CNBC

    Take a look at the corporations making headlines in noon buying and selling.

    Six Flags — Stocks dropped greater than 22% after the theme park corporate sharply neglected second-quarter profits expectancies. Six Flags reported profits of 53 cents in line with proportion on income of $435 million. Analysts surveyed via Refinitiv forecast profits of $1.01 in line with proportion on income of $519 million. The theme park operator attributed the pass over to susceptible attendance, or a 22% drop in guests.

    Walt Disney – Disney stocks jumped about 5.5% after the corporate posted better-than-expected effects for the quarter at the best and backside strains, helped via robust attendance at its theme parks and better-than-expected streaming numbers. The corporate additionally printed a brand new pricing construction for its streaming provider that incorporates an ad-supported tier.

    Pharma shares –Stocks of Pfizer, GSK and Sanofi slipped 3.5%, 9.8% and three.3% respectively as traders watched ongoing litigation round Zantac, a recalled heartburn drugs. The drug used to be pulled from cabinets in 2020 after the Meals and Drug Management discovered an impurity in Sanfoli’s model that might motive most cancers.

    Ralph Lauren – Stocks of Ralph Lauren climbed 4.5%, proceeding a rally that started after the corporate reported profits previous within the week that beat Wall Boulevard’s expectancies at the best and backside strains.

    Financial institution shares – Stocks of Goldman Sachs, Wells Fargo and JPMorgan received about 2% Thursday, outperforming the wider marketplace. The shares will have been boosted via easing issues a couple of recession after a moment cushy inflation file in a row.

    Oil shares – Oil and effort corporations led the S&P 500 on Thursday, supported via a bounce in crude futures. Devon Power jumped greater than 5.5%, notching the most productive efficiency within the index noon.

    Vacasa —Stocks of Vacasa jumped greater than 27% after the holiday condominium products and services corporate boosted its full-year outlook, mentioning a surge in call for. The corporate additionally posted a quarterly benefit, unexpected Wall Boulevard.

    Warby Parker – Stocks of Warby Parker surged 20% after reporting profits ahead of the bell.  The eyewear store, which reduce its monetary forecast for the yr, posted a smaller-than-expected quarterly loss and gross sales in-line with analysts’ estimates. It additionally reduce 63 jobs.

    Bumble – Stocks of the relationship app dropped 6% after the corporate reduce its annual income forecast. Bumble posted a detrimental have an effect on of $9.4 million from foreign currency echange actions yr over yr. In the meantime, its Badoo app and different income declined via double digits.

    Cardinal Well being – Stocks of Cardinal Well being jumped 5.5% after the corporate reported blended quarterly profits. The pharma corporate’s profits beat Wall Boulevard estimates, however income fell quick. The corporate additionally introduced its CEO Mike Kaufmann would step down Sept. 1 and get replaced via its CFO Jason Hollar.

    Sonos –Stocks of the maker of top-end audio system slid 22.8% after the corporate neglected expectancies at the best and backside strains. Sonos additionally reduce its full-year steering amid the difficult financial backdrop and introduced the impending departure of its present leader monetary officer.

    — CNBC’s Samantha Subin, Michelle Fox, Yun Li, Sarah Min and Tanaya Macheel contributed reporting

  • Shares making the largest strikes premarket: Six Flags, Canada Goose, Warby Parker and extra

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

    Six Flags (SIX) – The theme park operator’s inventory tumbled 12.8% within the premarket after its quarterly benefit and income fell neatly in need of Wall Boulevard forecasts. Six Flags noticed its effects hit through a 22% drop in attendance, amongst different elements.

    Canada Goose (GOOS) – The outerwear maker reported a smaller-than-expected quarterly loss, with income exceeding analyst forecasts. Canada Goose is the most recent luxurious store to peer its high-end customers deal with their spending ranges. The inventory added 2.4% in premarket buying and selling.

    Warby Parker (WRBY) – The eyewear store reported a smaller-than-expected quarterly loss, with gross sales exceeding estimates. Energetic buyer numbers rose 8.7% from a 12 months previous.

    Utz Manufacturers (UTZ) – The salty snacks maker’s inventory jumped 8.2% within the premarket after reporting quarterly benefit and income that was once greater than anticipated, in addition to elevating its full-year gross sales outlook.

    Cardinal Well being (CAH) – Cardinal Well being fell 1% within the premarket after reporting a combined quarter, with the pharmaceutical distributor’s profits beating Boulevard forecasts whilst income got here up in need of estimates. Cardinal Well being additionally introduced that CEO Mike Kaufmann will step down on September 1, to be succeeded through Leader Monetary Officer Jason Hollar.

    Walt Disney (DIS) – Disney rallied 8.9% within the premarket after reporting better-than-expected quarterly profits and saying a December 8 release date for an ad-supported model of its Disney+ streaming provider. It additionally introduced it will build up the cost of its ad-free provider to $10.99 per thirty days from $7.99.

    Sonos (SONO) – Sonos skidded 17.6% within the premarket after its breakeven quarter stunned analysts, who have been anticipating a benefit. Earnings was once additionally neatly underneath Wall Boulevard forecasts, with the corporate chopping its full-year forecast within the face of monetary demanding situations. The maker of top-end audio system additionally introduced the departure of CFO Brittany Bagley as of September 1.

    Bumble (BMBL) – Bumble tumbled 8.9% in premarket buying and selling after the courting provider operator minimize its annual income forecast. Bumble is dealing with stiff pageant from competitors reminiscent of Tinder father or mother Fit Workforce (MTCH), and its Badoo courting app – which is well-liked in Western Europe – has been harm through the struggle in Ukraine.

    Vacasa (VCSA) – Vacasa soared 24.7% in premarket motion after the supplier of holiday apartment products and services raised its full-year outlook amid a surge in call for. Vacasa additionally reported a marvel quarterly benefit.

    Vizio (VZIO) – Vizio won 2% in premarket buying and selling after the maker of sensible TVs and different shopper leisure apparatus reported a marvel benefit for its newest quarter, with reasonable income in step with person up 54% from a 12 months previous.

  • Shares making the largest strikes after hours: Disney, Bumble, Sonos & extra

    Disney retailer is observed in Occasions Sq., New York Town.

    Nick Pfosi | Reuters

    Take a look at the firms making headlines after the bell Wednesday: 

    Walt Disney — Stocks of the leisure corporate jumped 5.8% after Disney posted better-than-expected Disney+ subscription numbers for the former quarter. Subscriptions got here in at 152.1 million, above the anticipated 147.76 million in line with StreetAccount. Disney’s profits according to proportion and earnings additionally crowned estimates.

    Sonos — Stocks of the wi-fi house sound machine maker cratered greater than 19% after the corporate slashed its full-year steering amid a difficult macro surroundings. Sonos’ profits and earnings for the former quarter additionally ignored expectancies.

    Bumble — Bumble slumped greater than 13% after slashing its steering for the total yr regardless of a earnings beat for the former quarter. The corporate cited inflation and foreign currencies headwinds a number of the causes for the forecast minimize.

    Vacasa — The holiday condo control inventory soared 42% at the again of an surprising benefit of two cents according to proportion. Analysts had anticipated a lack of 20 cents according to proportion, in line with Refinitiv. Vacasa additionally shared cast steering for the present duration.