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Stocks making the biggest moves premarket: Disney, Cisco, ASML, Tapestry and more

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Walt Disney Co News

Cisco Systems Inc,Capri Holdings Ltd,Tapestry Inc

These are the stocks posting the largest moves in premarket trading.

Check out the companies making headlines before the bell. Disney – Shares popped more than 9% after the company's fiscal fourth-quarter results beat analysts' estimates . For the period, Disney earned $1.14 per share, after adjustments, on revenue of $22.57 billion. That's above earnings of $1.10 per share on revenue of $22.45 billion that analysts were expecting, according to LSEG. Cisco Systems – The networking stock dropped slightly.

The Dutch semiconductor supplier rose more than 3% after confirming its 2030 targets at its 2024 Investor Day. confirmed potential scenarios for its annual revenue to fall between 44 billion and 60 billion euros , while gross margin could be between 56% and 60%. Ibotta – The stock plunged about 20% despite the cashback rewards platform's third-quarter results beating on the top and bottom lines. Ibotta earned 51 cents per share on revenue of $98.6 million, while analysts surveyed by LSEG were expecting a profit of 35 cents per share on revenue of $94.1 million.

 

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