Stocks making the biggest moves premarket: Coca-Cola, Twitter, Tapestry and others

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Check out the companies making headlines before the bell:

Coca-Cola (KO) – Coca-Cola shares added 1.3% in the premarket after the company beat estimates by 4 cents with adjusted quarterly earnings of 45 cents per share. Revenue also beat Wall Street forecasts, and Coca-Cola projects commodity price inflation will be in the mid-single-digit percentage range for 2022.

Twitter (TWTR) – Twitter jumped 6.6% in premarket action, despite reporting top and bottom-line misses for its latest quarter. Twitter also announced a new $4 billion stock buyback program.

Tapestry (TPR) – The company behind the Coach and Kate Spade brands reported adjusted quarterly earnings of $1.33 per share, beating the $1.18 consensus estimate. Revenue beat estimates, and Tapestry also raised its full-year guidance on rising demand for its luxury goods.

Canada Goose (GOOS) – The maker of winter wear saw its shares tumble 10.3% in premarket trading after its earnings fell below analyst forecasts, although revenue topped predictions. Canada Goose cut its full-year forecast, as Covid-related restrictions impact demand for its parkas and footwear.

Walt Disney (DIS) – Disney surged 7.5% in premarket trading after beating Wall Street forecasts on the top and bottom lines for its latest quarter. Disney earned an adjusted $1.06 per share, well above the 63 cents per share consensus estimate, helped by growth in its Disney+ subscriber base and as record profit from its theme parks.

Uber Technologies (UBER) – Uber reported better-than-expected quarterly results as its ride-hailing business rebounded. The company continued to see strong demand in its Uber Eats food delivery business. Shares gained 5.8% in premarket trading.

Mattel (MAT) – Mattel