Today's Morning Movers and Top Ratings: ARM, AMC, LLY, TPR and More.
Morning Movers
Gapping up
$AstraZeneca(AZN.US$ ADRs rose 2.4% after the drugmaker raised its annual earnings forecast, helped by strong demand for its cancer drugs, and moved to boost its pipeline in the booming anti-obesity market.
$Disney(DIS.US$ stock rose 4.1% after the entertainment giant impressed with its quarterly earnings, thanks in large part to subscriber growth at its streaming services as well as higher attendance at its theme parks in Shanghai, Hong Kong and California.
The company reported adjusted earnings per share (EPS) of $0.82 on revenue of $21.24 billion in the three months ended on Sept. 30. Analysts polled by Investing.com had anticipated EPS of $0.71 on revenue of $21.37B. Disney added that it is on pace to deliver $7.5B in annualized savings, pointing to the impact of Chief Executive Bob Iger's ongoing push to rein in expenses.
$AMC Entertainment(AMC.US$ stock climbed 2.6% after the theater chain beat third-quarter revenue estimates, boosted by the success of the "Barbie" and "Oppenheimer" movies.
$Twilio(TWLO.US$ shares added 5% in early Thursday trade following the company's reported Q3 results, with EPS of $0.58 coming in better than the consensus estimate of $0.37. Revenue grew 5% year-over-year to $1.03 billion, beating the consensus estimate of $989.95 million.
Gapping down
$Lyft Inc(LYFT.US$ stock fell 1% after the ride-hailing company reported that bookings came in weaker than expected, adding it would continue to struggle on the measure in the current quarter.
$Tesla(TSLA.US$ stock fell 1.1% after HSBC initiated coverage of the EV manufacturer with a 'reduce' rating. The analyst noted Tesla's ambitious plans to get to 20 million EVs by the year-end of 2030 is likely to be longer than the market and valuation is reflecting.
$Tapestry(TPR.US$ stock fell 0.8% after the luxury fashion firm missed first-quarter sales expectations amid persistent decline in demand for its luxury handbags and shoes in the key North America market.
Tapestry now expects 2024 revenue in the range of $6.7 billion compared to a prior forecast of close to $6.9 billion sales. Its net sales were flat at $1.51 billion in the quarter ended Sept. 30. Analysts on average had expected $1.54 billion
$Arm Holdings(ARM.US$ stock fell 5.9% in the premarket trading. Although FQ2 figures exceeded expectations, the Q3 outlook missed consensus estimates, attributed to a large deal that will likely land later than anticipated.
For Q3/24, the company expects EPS to be in the range of $0.21-$0.28, compared to the consensus of $0.27. Revenue is seen at $720-$800M. For the full year, the company anticipates EPS in the range of $1.00-$1.10, compared to the consensus estimate of $1.04, and revenue of $2.96-$3.08B, compared to the consensus of $2.96B.
Source: CNBC; Investing.com
US Top Rating Updates on 11/09
Source: Dow Jones
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rendy masarai : MAY BANG,/NO 162973074826 /Rendy Masarai
thetime_1998 : AMC ,played an option cleared 150%, let just say it was a good day.