{"id":11231,"date":"2023-08-12T02:16:32","date_gmt":"2023-08-12T02:16:32","guid":{"rendered":"https:\/\/isafespend.com\/investing\/disney-capri-tapestry-applovin-yeti-and-more-market-movers\/"},"modified":"2023-08-12T02:16:33","modified_gmt":"2023-08-12T02:16:33","slug":"disney-capri-tapestry-applovin-yeti-and-more-market-movers","status":"publish","type":"post","link":"https:\/\/isafespend.com\/?p=11231","title":{"rendered":"Disney, Capri, Tapestry, Applovin, Yeti, and More Market Movers"},"content":{"rendered":"
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\n

<\/p>\n

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<\/div>
\n

Walt Disney reported fiscal third-quarter adjusted earnings that topped analysts\u2019 estimates.<\/h4>\n


\n Dreamstime
\n <\/span>
\n <\/figcaption><\/figure>\n<\/p><\/div>\n

Stocks rose but pared gains Thursday after consumer prices rose at a 3.2% annual pace in July, higher than June\u2019s 3% pace. The core inflation rate, however, slowed to 4.7% from 4.8%.<\/p>\n

These stocks made moves on Thursday:\u00a0<\/p>\n

\n

\n Walt Disney
\n (ticker: DIS) reported fiscal third-quarter adjusted earnings that topped Wall Street expectations while revenue missed slightly. The stock rose 4.9% and was the top gainer in the
\n S&P 500
\n after the entertainment giant said it would be raising prices for its streaming services and would be exploring ways to crack down on password sharing. Meanwhile,
\n Disney
\n + subscribers ended the quarter at 105.7 million, up 1% from a year earlier, and modestly above the 104.9 million reported in the second quarter.<\/p>\n

\n Capri Holdings
\n (CPRI) rose 56% to $53.90 as the company, which owns fashion brands Versace, Michael Kors, and Jimmy Choo, will be acquired for $57 a share in cash by
\n Tapestry
\n (TPR). The deal values Capri at $8.5 billion. Capri\u2019s market capitalization at Wednesday\u2019s close was $4.06 billion.
\n Tapestry
\n fell 16% and was the leading decliner in the
\n S&P 500.<\/span>\n <\/p>\n

\n Applovin
\n (APP) stock surged 26% as the software company swung to a profit in the second quarter and revenue beat forecasts. Applovin said it anticipates third-quarter revenue of $780 million to $800 million, compared with Wall Street consensus of $741 million.\u00a0<\/p>\n

\n Wolverine World Wide
\n (WWW) slid 26% after the apparel company issued full-year adjusted earnings guidance of 45 cents to 55 cents a share, far below analysts\u2019 forecasts of $1.42.<\/p>\n

\n Yeti
\n (YETI) gained 17% after the maker of high-end coolers posted better-than-expected second-quarter earnings and raised full-year guidance.<\/p>\n

\n Plug Power
\n (PLUG) declined 16% after the hydrogen fuel-cell technology company\u2019s second-quarter loss of 40 cents a share was wider than analysts\u2019 expectations. Revenue in the period rose to $260.2 million from $151.3 million a year earlier and was higher than predictions of $237.7 million.<\/p>\n

\n CyberArk Software
\n (CYBR) gained 13% after the security software company posted second-quarter adjusted earnings of 3 cents a share, while Wall Street had forecast a loss of 13 cents.<\/p>\n

\n Oddity Tech
\n (ODD) rose 8.5% after the beauty products company showed solid growth in its first earnings report since going public in July.<\/p>\n

American depositary receipts of
\n Alibaba
\n (BABA) jumped 4.6% after the Chinese e-commerce and cloud computing giant reported fiscal first-quarter earnings and sales that beat analysts\u2019 estimates. <\/p>\n

\n Roblox
\n (RBLX) rose 3.9% after dropping sharply Wednesday following a wider quarterly loss than was expected. Wedbush raised its rating on the stock to Outperform from Neutral.<\/p>\n

Write to Joe Woelfel at\u00a0joseph.woelfel@barrons.com\u00a0<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Walt Disney reported fiscal third-quarter adjusted earnings that topped analysts\u2019 estimates. Dreamstime Stocks rose but pared gains Thursday after consumer prices rose at a 3.2% annual pace in July, higher than June\u2019s 3% pace. The core inflation rate, however, slowed to 4.7% from 4.8%. These stocks made moves on Thursday:\u00a0 Walt Disney (ticker: DIS) reported<\/p>\n","protected":false},"author":1,"featured_media":11232,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"class_list":{"0":"post-11231","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"yoast_head":"\nDisney, Capri, Tapestry, Applovin, Yeti, and More Market Movers | iSafeSpend<\/title>\n<meta name=\"description\" content=\"Walt Disney reported fiscal third-quarter adjusted earnings that topped analysts\u2019 estimates. 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