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Disney Climbs on Profit Beat; AMD Falls on Underwhelming Forecast | Stock Movers
Bloomberg7d agoneutralVIDEO
Disney Climbs on Profit Beat; AMD Falls on Underwhelming Forecast | Stock Movers

On this episode of Stock Movers: - Advanced Micro Devices (AMD) shares are lower after the semiconductor firm's second-quarter revenue and third-quarter sales forecast underwhelmed investors expecting a stronger performance given rising demand. - Disney (DIS) shares are climbing as profit beat Wall Street estimates in the company's fiscal third quarter, driven by soaring income from its entertainment division and the resilience of its theme parks in California and Florida. - Shopify (SHOP) shares are soaring after it reported revenue for the second quarter that beat the average analyst estimate. President Harley Finkelstein said it was a "monster quarter" for the company.

Shopify stock surges on strong second quarter results, upbeat outlook
Proactive7d agobullish
Shopify stock surges on strong second quarter results, upbeat outlook

Shopify Inc (TSX:SH., NYSE:SHOP) shares jumped 18% Wednesday after the e-commerce platform reported second-quarter results that topped Wall Street expectations and provided a forecast for continued double-digit growth. The company reported revenue of $3.58 billion for the quarter ended June...

Shopify shares surge after strong Q2 results and upbeat outlook
InvestorsHub7d agobullish
Shopify shares surge after strong Q2 results and upbeat outlook

Shopify (NASDAQ:SHOP) soared in pre-market trading on Wednesday after delivering second-quarter results that comfortably exceeded Wall Street expectations, with strong revenue growth, higher profitability and an optimistic outlook for the months ahead. Shares jumped around 26% before the opening bell as investors welcomed accelerating momentum across the company’s core business.

Investing.com7d agobullish
Shopify surges, AMD slides premarket as earnings disappoint

Investing.com - U.S. stock index futures were broadly higher on Wednesday as investors drew cautious optimism from signs that negotiations to reopen the Strait of Hormuz could be gaining traction, although disappointing reactions to earnings from Advanced Micro Devices and privately held SpaceX tempered enthusiasm for technology shares.