With US stock futures trading higher this morning on Thursday ahead of the producer price index for July, some of the stocks that may grab investor focus today are as follows:
- Wall Street expects Cardinal Health, Inc. to report quarterly earnings at $1.17 per share on revenue of $44.71 billion before the opening bell. Cardinal Health shares fell 2.1% to $61.43 in after-hours trading.
- Walt Disney Co reported better-than-expected results for its third quarter on Wednesday. Disney added 14.4 million subscribers for Disney+ in the third quarter for a total of 152.1 million. Disney shares jumped 6.9% to $120.13 in the after-hours trading session.
- Analysts are expecting Illumina, Inc. to have earned $0.65 per share on revenue of $1.22 billion for the latest quarter. The company will release earnings after the markets close. Illumina shares gained 0.3% to $227.99 in after-hours trading.
- Sonos, Inc. weaker-than-expected sales results for its third quarter and issued downbeat FY22 sales guidance. The company also announced that its CFO Brittany Bagley is stepping down to pursue another professional opportunity. Eddie Lazarus, the company's chief legal officer, will succeed Bagley as interim CFO, effective Sept. 1. Sonos shares tumbled 17.7% to $18.74 in the after-hours trading session.
- Analysts expect Hanesbrands Inc. to report quarterly earnings at $0.33 per share on revenue of $1.69 billion before the opening bell. Hanesbrands shares gained 1.8% to $11.77 in after-hours trading.
- Coupang's second-quarter operating loss narrowed to $75 million, compared with a $514.9 million loss a year earlier. Total net revenue rose 12% to $5 billion in the period, while the number of active clients rose 5%. Coupang soared nearly 7% in premarket trading after raising its earnings forecast in 2022.
- T2 Biosystems, Inc. announced plans to explore the potential to develop a rapid molecular diagnostic test for detection of the monkeypox virus, including technical and commercial feasibility. T2 Biosystems surged 40% in premarket trading.
- Coinbase Global Inc. said it has received investigative subpoenas and requests from the U.S. Securities and Exchange Commission, pointing to potential furtherpressure facing the crypto exchange, after it posted wider-than-expected losses in the second quarter.
- The XPeng G9 reached 22,819 pre-orders 24 hours after it opened for pre-sale, with the first pre-order coming from Shanghai, the company announced on Weibo today.