CNBC: Coach Store Harry Reid International Airport
A Coach store inside Harry Reid International Airport.
Check out the companies making the biggest moves in premarket trading:
Tapestry — The company reported adjusted fiscal second-quarter earnings before the bell of $1.33, beating StreetAccount’s estimate of $1.27, and raised its fiscal 2023 earnings outlook. Tapestry rallied nearly 10% in the premarket.
Hilton Worldwide — The hotel operator reported adjusted fourth-quarter earnings of $1.59 per share before the bell, topping estimates of $1.22, per StreetAccount. Its revenue of $2.44 billion also came above the $2.35 billion expected. Hilton was up 1.2% in the premarket.
Credit Suisse — The Swiss bank reported a fourth-quarter and annual loss that missed estimates and said it is expecting another “substantial” full-year loss in 2023. Credit Suisse slumped nearly 8% in premarket trading.
PepsiCo — The beverage giant reported adjusted fourth-quarter earnings and revenue before the bell that beat expectations, thanks to price hikes that boosted sales. It also announced a 10% increase in its annualized dividend. Pepsi gained nearly 2% in the premarket.
Tesla — The electric-vehicle maker gained more than 3% in the premarket. On Wednesday, Tesla was cleared from blame in the crash of one of its vehicles in Texas. Earlier this week, CEO Elon Musk said he would unveil his “Master Plan 3” at investor day.
Disney — The entertainment company’s shares jumped more than 6% following the company’s better-than-expected earnings report. Disney reported a smaller-than-expected drop in subscribers, as well as a beat on the top and bottom lines. CEO Bob Iger, who returned to the company in November, also announced that Disney would be slashing 7,000 jobs as part of a broader cost-cutting and restructuring plan.
Affirm — The buy now, pay later finance company dropped 17.6% in premarket trading after reporting an earnings and revenue miss Wednesday. Affirm also announced…
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