By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Friday, November 13th. Please refresh for updates.
Walt Disney (NYSE:DIS) stock rose 3.7% after the entertainment company’s rapidly growing streaming video business, with 73 million paid subscribers, helped offset a second consecutive quarterly loss, The pandemic continued to ravage core businesses like theme parks and movie distribution.
Palantir (NYSE:PLTR) stock dropped 2.9% after the data analytics company reported a wider-than-expected third-quarter loss, hit by one-off costs associated with its direct listing on the New York Stock Exchange. That said, the company still raised its annual guidance for the year.
Cisco (NASDAQ:CSCO) stock rose 7.1% after the tech giant reported a smaller-than-expected drop in first-quarter revenue, helped by more people working from home during the pandemic.
Applied Materials (NASDAQ:AMAT) stock rose 2.8% after the chip-maker supplier beat expectations with its quarterly results and provided positive guidance.
JetBlue (NASDAQ:JBLU) stock rose 1.5% after the low-cost airline announced it would raise its capacity to 85% for the holiday season, before opening all previously blocked seats in early January, citing increased evidence that cabins are safer from the spread of coronavirus.
DraftKings (NASDAQ:DKNG) stock rose 10% after the sports bettor reported better than expected third-quarter results, with monthly unique payers surpassing one million.
Revlon (NYSE:REV) stock dropped 8.2% after the cosmetics maker reported a third-straight quarterly loss and a 20% sales decline.
- Farfetch (NYSE:FTCH) stock soared 14% after the online luxury goods seller reported a smaller third-quarter loss than expected, with revenues also beating previous estimates.