Check out the companies making headlines before the bell:Capri , Tapestry — Capri soared more than 57%, while Tapestry slid 3.2% in premarket trading.
AppLovin — AppLovin shares popped 25.8% in early morning trading after the company posted strong second-quarter results and optimistic third-quarter revenue guidance.
The game developer said it expects $780 million to $800 million in revenue for the third quarter, exceeding the $741 million expected by analysts.
AppLovin reported earnings of 22 cents per share for the second quarter, while analysts expected 7 cents, according to Refinitiv.
The amusement park company reported earnings of 25 cents per share on revenue of $444.0 million.
Persons:
Kate Spade, Versace, Jimmy Choo, Michael Kors, AppLovin, Sonos, Refinitiv, Walt Disney, — Illumina, Yun Li, Jesse Pound, Pia Singh
Organizations:
Capri Holdings, Capri, Wynn, Wynn Resorts, Walt Disney —, Disney, Six
Locations:
Alibaba, China