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Apple, Capri Holdings, AutoNation fall premarket; Western Digital rises

Published 10/25/2024, 07:58 AM
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Investing.com -- US stock futures edged higher Friday, ending a generally weaker week on a positive tone as the quarterly earnings season continues.

Here are some of the biggest premarket US stock movers today:

  • Apple (NASDAQ:AAPL) stock fell 0.8% after sales of the tech giant’s flagship iPhone dipped by 0.3% in the third quarter in China, while rival Huawei's devices spiked by 42%, underlining the fierce competition in the world's biggest smartphone market.

  • Deckers Outdoor (NYSE:DECK) stock soared 14% after the shoemaker raised its annual sales forecast and beat second-quarter expectations, on resilient demand.

  • Carter’s (NYSE:CRI) stock fell 0.3% after the clothes retailer reported its latest quarterly earnings, topping earnings and revenue consensus expectations.

  • Western Digital (NASDAQ:WDC) stock rose 11% after the memory-chip-maker swung to a quarterly profit, buoyed by soaring sales in its cloud business.

  • Capri Holdings (NYSE:CPRI) stock slumped 46% after a US judge blocked the $8.5 billion merger between the parent company of Michael Kors and Jimmy Choo and Coach owner Tapestry (NYSE:TPR), which gained 15%.

  • Centene (NYSE:CNC) stock soared 12% after the health insurer beat estimates for third-quarter profit, boosted by strength in its commercial insurance business.

  • New York Community Bancorp (NYSE:NYCB) stock fell 3.9% after the regional lender reported a loss for the third quarter as it set aside more reserves to cover potential loan losses.

  • AutoNation (NYSE:AN) stock fell 4.2% after the used car retailer’s third-quarter earnings missed estimates amid continued fallout from a software outage.

  • DexCom (NASDAQ:DXCM) stock fell 4.6% after the medical device maker beat estimates for third-quarter revenue and profit, helped by resilient demand for its continuous glucose monitors for diabetes patients.

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