Check out the companies that made headlines before the bell: Disney — Shares soared more than 9% after the company’s fourth-quarter results beat analysts’ expectations. During the same period, Disney earned an adjusted profit of $1.14 per share on revenue of $22.57 billion. That beat analysts’ estimates for earnings of $1.10 a share and revenue of $22.45 billion, according to LSEG. Cisco Systems — Networking stocks fell slightly. The company beat Wall Street’s quarterly expectations and raised its full-year outlook, but it posted its fourth straight quarter of declining revenue. Capri, Tapestry — Luxury apparel stocks moved in opposite directions after the companies called off a planned merger, citing regulatory hurdles. Tapestry’s stock price rose 8%, while Capri’s stock fell more than 5%. Campbell Soup — Shares rose more than 1% after Piper Sandler upgraded the stock from neutral to overweight. The company expressed its expectations for “continued strong growth” for the Lao’s brand. BWX Technologies — The nuclear fuel stock rose more than 4% on the back of Bank of America’s price target hike. The company currently sees the stock reaching $160, reflecting more than 20% upside potential. Bank of America also said the recent stock price increase can be attributed to a “scarcity premium” in the small modular reactor market. Supermicro — Shares plunged more than 11%, extending losses from the previous session. Shares fell more than 6% on Wednesday after the company announced it would postpone filing its report for the period ending Sept. 30. ASML — The Dutch semiconductor supplier rose more than 3% after confirming its 2024 and 2030 targets at its Investor Day. ASML expects a potential scenario in which annual sales could fall to between 44 billion and 60 billion euros, or between $42.14 billion and $63.22 billion, with gross profit margins between 56% and 60%. confirmed. Ibotta — Shares fell about 20% even though the cashback rewards platform’s third-quarter results beat sales and bottom line results. Ibotta had sales of $98.6 million and earnings per share of 51 cents, while analysts surveyed by LSEG expected earnings of 35 cents per share on sales of $94.1 million. CNH Industrial — The farm equipment stock rose nearly 6% after Greenlight Capital’s David Einhorn announced on CNBC’s Delivering Alpha conference that he has taken a mid-sized position at the company. Sonos — Shares rose nearly 7% after 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.
