U.S. stock markets closed up, as losses in the energy and materials sectors weren't enough to counter gains in health care and
consumer stocks.
After the market closed, Walt Disney Co (NYSE: DIS), Yelp Inc (NYSE: YELP), Fossil Group Inc (NASDAQ: FOSL), Jazz Pharmaceuticals plc - Ordinary Shares (NASDAQ:
JAZZ) and SunPower Corporation (NASDAQ:
SPWR) reported quarterly results.
Disney posted Q3 EPS $1.62, $0.01 above the Street’s consensus, on revenue of $14.277 billion, also above estimates for $14.15
billion. The company also announced it had acquired a 33 percent stake in BAMTech, a video streaming business, for $1 billion.
Shares were down 1.22 percent in after-hours trading.
Ahares of Yelp gained more than 10.3 percent after reporting revenue of $173.4 million, which beat estimates of $169.8 million.
EPS of $0.16, however, may not be comparable to the Street’s consensus for a net loss of $(0.07) per share. For the third quarter,
management expects adjusted EBITDA in the $24 million to $28 million range, on sales of $180 million to $184 million, above the
Street’s consensus of $179.6 million.
Also moving on their earnings reports were:
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