Check out the companies making headlines before the market opens. Disney — Shares of Walt Disney Co. rose more than 9% after the company’s fiscal fourth-quarter results beat analysts’ expectations. After adjustments, Disney’s earnings per share for the quarter were $1.14 on revenue of $22.57 billion. That was above analysts’ expectations for earnings of $1.10 per share on revenue of $22.45 billion, according to LSEG. Cisco Systems Inc. – Networking shares fell slightly. The company’s quarterly results beat Wall Street expectations and raised full-year guidance, but revenue fell for a fourth straight quarter. Capri, Tapestry — Luxury apparel stocks moved in opposite directions after the two companies scrapped a planned merger, citing regulatory hurdles. Tapestry shares rose 8%, while Capri shares fell more than 5%. Campbell Soup – Shares rose more than 1% after Piper Sandler upgraded the stock to overweight from neutral. The company expressed its expectations for “continued strong growth” of the Rao brand. BWX Technologies – Nuclear fuel stocks rose more than 4% on the back of a price target increase from Bank of America. The company currently expects shares to hit $160, reflecting upside potential of more than 20%. Bank of America also said the stock’s recent gains can be attributed to a “scarcity premium” in the small modular reactor market. Super Micro – Shares plunged more than 11%, extending losses from the previous session. Shares of the company fell more than 6% on Wednesday after the company said it would delay filing a report for the period ending Sept. 30. ASML – Shares of ASML rose more than 3% after the Dutch semiconductor supplier confirmed 2030 targets at its 2024 Investor Day. ASML confirmed that its annual revenue may fall by 44 billion to 60 billion euros ($42.14 billion to $63.22 billion), while gross profit margins may be between 56% and 60%. Ibotta – The stock plunged about 20% despite the cash-back rewards platform’s third-quarter results beating both the top and bottom lines. Ibotta earned 51 cents a share on revenue of $98.6 million, while analysts polled by LSEG expected profits of 35 cents a share on revenue of $94.1 million. CNH Industrial – The farm equipment stock gained nearly 6% after David Einhorn of Greenlight Capital revealed on CNBC’s Delivering Alpha conference that he holds a mid-cap position in the company. Sonos – Shares of Sonos rose nearly 7% after the audio equipment maker reported fourth-quarter results. Sonos reported a loss of 44 cents per share on revenue of $255.4 million. —CNBC’s Alex Harring, Samantha Subin, Jesse Pound and Lisa Kailai Han contributed reporting.
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