Summary:
- Wynn Resorts gains about 2 percent in extended trading, reporting strong earnings results.
- Sonos stock rises 11 percent after positive earnings report and CEO's optimistic outlook.
- Disney's earnings report reveals narrower-than-expected loss for streaming business and plans for price increases.
A look at the after-hours stock movement on August 9, 2023, featuring Disney, Wynn Resorts, and Sonos.
Wynn Resorts Sees Gains in Extended Trading
A look at the consumer, a look at spending patterns. Wynn Resorts experiences gains of about 2 percent in extended trading. The company reports better-than-expected adjusted EPS and revenue in its latest earnings report, reflecting strength in North America and Macau businesses.
Sonos Rises 11 Percent After Earnings Report
Sonos, the speaker company, sees an 11 percent increase in its stock following positive earnings results. The CEO acknowledges the challenging environment but remains optimistic about the company's position.
Disney's Earnings Report and Pricing Strategy
Disney releases its earnings report, reporting a narrower-than-expected loss for its streaming business. The company plans to raise prices for its streaming services, aiming for profitability by September 2024.
Despite gains in extended trading, Disney's stock still experiences losses of nearly 2 percent.