Check out the companies making headlines before the bell. Disney – Shares popped more than 9% after the company’s fiscal fourth-quarter results beat analysts’ estimates . For the period, Disney earned $1.14 per share, after adjustments, on revenue of $22.57 billion. That’s above earnings of $1.10 per share on revenue of $22.45 billion that analysts were expecting, according to LSEG. Cisco Systems – The networking stock dropped slightly. The company topped Wall Street’s quarterly estimates and lifted its full-year guidance, but posted its fourth consecutive quarter of declining revenue. Capri , Tapestry – The luxury apparel stocks were moving in opposite directions after the companies called off their planned merger , citing regulatory hurdles. Shares of Tapestry jumped 8%, while Capri slid more than 5%. Campbell Soup – Shares rose more than 1% after Piper Sandler upgraded the stock to overweight from neutral . The firm cited “continued strong growth” expectations for the Rao’s brand. BWX Technologies – The nuclear fuel stock advanced more than 4% on the back of Bank of America’s price target hike . The firm now sees shares hitting $160, which reflects upside potential of more than 20%. Bank of America also said the stock’s recent rally can be attributed to the “scarcity premium” in the small modular reactor market. Super Micro – Shares plummeted more than 11%, extending losses from the previous session. On Wednesday, the stock fell more than 6% on the heels of the company saying that it would delay the filing of its report for the period ended Sept. 30 . ASML – The Dutch semiconductor supplier rose more than 3% after confirming its 2030 targets at its 2024 Investor Day. ASML confirmed potential scenarios for its annual revenue to fall between 44 billion and 60 billion euros ($42.14 billion to $63.22 billion), while gross margin could be between 56% and 60%. Ibotta – The stock plunged about 20% despite the cashback rewards platform’s third-quarter results beating on the top and bottom lines. Ibotta earned 51 cents per share on revenue of $98.6 million, while analysts surveyed by LSEG were expecting a profit of 35 cents per share on revenue of $94.1 million. CNH Industrial – The agricultural equipment stock rose nearly 6% after Greenlight Capital’s David Einhorn revealed at CNBC’s Delivering Alpha conference that he took a medium-sized position in the company . Sonos – The stock rose nearly 7% in the wake of the audio equipment maker’s fourth-quarter results. Sonos reported a loss of 44 cents per share on revenue of $255.4 million. — CNBC’s Alex Harring, Samantha Subin, Jesse Pound and Lisa Kailai Han contributed reporting.
https://www.cnbc.com/2024/11/14/stocks-making-the-biggest-moves-premarket-dis-csco-asml-tpr-and-more.html
