11 August 2022
See which companies made headlines before the call:
Six Flags (SIX) — Shares of the theme park operator fell 12.8 % in the premarket after its quarterly profit and revenue fell short of Wall Street's forecasts. The results of Six Flags, among other factors, were affected by a drop in attendance by 22%.
Canada Goose (GOOS) - the manufacturer of outerwear reported smaller-than-expected quarterly losses, and revenue exceeded analysts' forecasts. Canada Goose is the latest luxury retailer to see its high-end consumers maintain their spending levels. Shares added 2.4% in pre-market trading.
Warby Parker (WRBY). The glasses retailer reported smaller-than-expected quarterly losses, with sales beating estimates. The number of active customers increased by 8.7% compared to last year.
Utz Brands (UTZ) — Shares of the maker of salty snacks jumped 8.2% in the premarket after reporting quarterly profit and revenue that were better than expected, and also raises the sales forecast for the full year.
Cardinal Health (CAH) – Cardinal Health fell 1% in the premarket after reporting mixed quarters, with the pharmaceutical distributor's earnings beating Street's forecasts and revenue falling short of estimates. Cardinal Health also announced that CEO Mike Kaufmann will step down on Sept. 1, and CFO Jason Hollar will take his place. Expected quarterly revenue and announcing a December 8 launch date for an ad-supported version of its streaming service, Disney+. He also announced that he would raise the price of his ad-free service from $7.99 to $10.99 per month.
Sonos (SONO) earnings: Revenue was also well below Wall Street's forecasts as the company lowered its full-year forecast in the face of economic woes. The manufacturer of high-end speakers also announced the departure of CFO Brittany Bagley from September 1.
Bumble (BMBL) - Bumble shares fell 8.9% in pre-market trading after the dating service operator lowered its annual revenue forecast. Bumble faces stiff competition from rivals such as Match Group (MTCH), Tinder's parent company, and its dating app Badoo, popular in Western Europe, has been hit by the war in Ukraine.
Vacasa (VCSA) – Vacasa soared 24.7% in the premarket after a holiday rental provider raised its full-year forecast amid rising demand. Vacasa also reported an unexpected quarterly profit.
Vizio (VZIO) - Vizio added 2% in the premarket after the manufacturer of smart TVs and other consumer entertainment equipment reported an unexpected profit for the last quarter with average revenue. per user by 54 % more than a year earlier.
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