By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Friday, August 13th. Please refresh for updates.
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Walt Disney (NYSE:DIS) stock rose 4.6% after the entertainment giant reported strong numbers for the current quarter, with its streaming services impressing and the pandemic-hit U.S. theme parks returned to profitability.
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Airbnb (NASDAQ:ABNB) stock fell 2.2% after the accommodation rental app warned the current-quarter bookings could be hit by the delta variant and are likely to slow from the second quarter and remain below 2019 levels.
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DoorDash (NYSE:DASH) stock fell 4.4% after the food delivery service reported a bigger than expected loss as it spent heavily to expand internationally. It managed to beat quarterly revenue estimates, as the pandemic-era surge in food delivery stayed strong.
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SoFi Technologies (NASDAQ:SOFI) stock fell 12% after the fintech company’s quarterly profit came up short after its first earnings report.
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Honest Company (NASDAQ:HNST) stock fell 9.1% after the company, fronted by Hollywood star Jessica Alba, which sells environmentally-friendly personal care products, missed quarterly revenue and earnings estimates.
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Contextlogic (NASDAQ:WISH) stock slumped 25% after the ecommerce platform’s second-quarter performance disappointed, with its net loss increasing, revenues falling and the number of users dropping.
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Activision Blizzard (NASDAQ:ATVI) stock rose 1.2% after Citigroup (NYSE:C) upgraded its investment stance on the video gaming company to ‘buy’ from ‘neutral’, saying a rough stretch for the stock now creates value.
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Kansas City Southern (NYSE:KSU) stock fell 0.4% after the railroad operator rejected a $27 billion takeover offer from Canadian Pacific (NYSE:CP) Railway, saying it wasn’t better than the $29 billion agreement it currently has with Canadian National Railway.
- Ziprecruiter (NYSE:ZIP)stock rose 12% after the online employment firm easily beat revenue expectations and made upbeat comments about the remainder of 2021.