Six Flags stock tumbled 12.8% in the premarket after its quarterly profit and revenue fell well short of Wall Street forecasts. Warby Parker reported a smaller-than-expected quarterly loss, with sales exceeding estimates. Canada Goose is the latest luxury retailer to see its high-end consumers maintain their spending levels.

Utz Brands (UTZ) reports quarterly profit and revenue that was better than expected. Active customer numbers rose 8.7% from a year earlier. Cardinal Health (CAH) fell 1% in the premarket after reporting a mixed quarter, with the pharmaceutical distributor's earnings beating Street forecasts while revenue came up short.

Disney rallies 8.9% in the premarket after reporting better-than-expected quarterly earnings. Cardinal Health also announced that CEO Mike Kaufmann will step down on September 1. Sonos skidded 17.6% after its breakeven quarter surprised analysts, who were expecting a profit.

Bumble tumbled 8.9% in premarket trading after the dating service operator cut its annual revenue forecast. Vacasa soared 24.7% after the provider of vacation rental services raised its full-year outlook. The maker of high-end speakers also announced the departure of CFO Brittany Bagley as of September 1.

Vizio gained 2% in premarket trading after the maker of smart TVs and other consumer entertainment equipment reported a surprise profit for its latest quarter. Average revenue per user up 54% from a year earlier. Vacasa also reports a surprise quarterly profit. The shares of both companies were up more than 1% in early trading.
Posted by AL alphaman
Tap to Copy the Short Url to This Post: 
One-Stop Business News backed by Mark Cuban. Free to Use →