Disney, Airbnb Fall Premarket; DoorDash, Snowflake Rise
- Date: 14-May-2021
- Source: Investing.com
- Sector:Transport
- Country:Middle East
Disney, Airbnb Fall Premarket; DoorDash, Snowflake Rise
© Reuters.
By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Friday, May 14th. Please refresh for updates.
Disney (NYSE:) stock fell 4.1% as disappointing growth at the entertainment giant's streaming service overshadowed better-than-expected overall profits. A total of 103.6 million customers subscribed to Disney+ as of early April, below the 109.3 million projected, according to FactSet.
Airbnb (NASDAQ:) stock fell 0.6% after the online lodging service's net loss tripled due to debt repayments and restructuring costs, even as it beat expectations for first-quarter gross bookings and revenue as speedy Covid-19 vaccinations and easing restrictions encouraged more people to check into its vacation rentals.
Tyson Foods (NYSE:) stock rose 0.5% after it announced that General Mills (NYSE:), up 0.1%, would buy its pet treats business for $1.2 billion in cash, as the cereal maker builds its pet food portfolio.
DoorDash (NYSE:) stock rose 8.9% after the online food delivery service platform raised its forecast for annual gross order value, as stimulus checks helped keep food delivery demand resilient in the first quarter.
Amazon (NASDAQ:) stock rose 1% after the world’s largest online retailer announced