© Reuters.
Today, stock futures witnessed a minor uptick, sustaining the longest winning streaks for the and Nasdaq since November 2021. Several companies reported their earnings, leading to significant movements in their stock prices.
Walt Disney (NYSE: NYSE:) shares rose over 4% following its Q4 earnings report that exceeded profit expectations. The company achieved $7.5 billion in annualized cost savings through aggressive cost-cutting measures, despite a shortfall in top-line revenue. Additionally, Disney added 7 million Disney+ subscribers during the period.
Twilio (NYSE: NYSE:) saw its stock surge by up to 6% after reporting better-than-expected Q3 results and a promising Q4 outlook. The company expects revenue between $1.03 billion and $1.04 billion and non-GAAP diluted EPS of $0.53–$0.57 for Q4, backed by over 306,000 active customer accounts.
Bloom Energy (NYSE: NYSE:) experienced a jump of over 15% in its share price after its Q3 results surpassed market expectations. The company also reaffirmed its FY2023 outlook and reported record third-quarter revenues with expanding margins.
Finally, Affirm Holdings (NASDAQ: NASDAQ:) saw its shares rise by 13% after its Q1 revenue beat analysts’ estimates. The company also reported an improved adjusted operating margin and raised its full-year gross merchandise volume guidance while forecasting Q2 revenue between $495 million and $520 million.
In other news, investors are keenly awaiting Federal Reserve Chairman Jerome’s speech on interest rates. Meanwhile, AMC Entertainment (NYSE:) shares fell 17% after announcing a $350 million stock offer. Lyft (NASDAQ:) beat third-quarter profit estimates and projected sales growth in the fourth quarter, while MGM Resorts (NYSE:) saw a 2.4% rise in its shares due to better-than-expected third-quarter revenue and a tentative labor contract.
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