SIX - Hot Stocks: DIS falls on earnings; SIX SONO rise; ABC slips after WBA sells shares
The release of quarterly results remained a crucial catalyst for individual stock movements in Thursday's pre-market trading. Disney (NYSE:DIS) was one of the biggest names to report, with the stock dropping on disappointing earnings and revenue. Elsewhere, Six Flags (SIX) and Sonos (SONO) both saw pre-market strength following the release of Street-topping results. In other news, AmerisourceBergen (ABC) retreated after Walgreens (WBA) revealed that it had sold a portion of its stake in the company. Decliners Disney (DIS) lost ground in pre-market trading following the release of its quarterly update. Despite strong streaming subscriber numbers, the entertainment giant announced headline financial figures that came in light of expectations. DIS reported a Q2 profit that missed analysts' consensus. The firm's revenue number also came up short of projections, rising 23% to $19.2B. That total was $800M below the amount market experts were predicting. Weighed down by the disappointing results, DIS dropped
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Hot Stocks: DIS falls on earnings; SIX, SONO rise; ABC slips after WBA sells shares