Apple, Bloomin Brands, Sempra fall premarket; Cinemark, Block rise
Investing.com -- U.S. futures traded in a mixed fashion Friday, as investors digested more corporate earnings ahead of the release of the influential monthly jobs report.
Here are some of the biggest premarket U.S. stock movers today:
Apple (NASDAQ: AAPL) stock fell 2.2% after the iPhone maker predicted quarterly sales that were below market estimates, blaming weak demand for iPads and wearables, especially in key market China.
Restaurant Brands (NYSE: QSR) stock rose 1% after the company beat third-quarter earnings views even as it missed expectations for quarterly sales on Friday, as still-high inflation pressured consumer spending at its Burger King chain.
Cinemark (NYSE: CNK) stock rose 2.4% after the movie theater operator swung to a profit in the third quarter amid strong box office trends, powered by the movies ‘Barbie’ and ‘Oppenheimer’.
Block (NYSE: SQ) stock soared 16% after the payments firm reported better-than-expected earnings forecast for 2024 and a $1 billion stock buyback plan.
Paramount Global (NASDAQ: PARA) stock rose 5.1% after the media conglomerate reported strong revenue and subscription trends in its third-quarter earnings report.
DraftKings (NASDAQ: DKNG) stock rose 4.6% after the sports betting company beat expectations for quarterly as it rises to the top of the highly competitive online gambling industry.
Live Nation Entertainment (NYSE: LYV) stock rose 5.5% after the Ticketmaster parent beat market estimates for third-quarter revenue benefiting from high ticket prices and surging concert demand.
Sempra Energy (NYSE: SRE) stock fell 3% after the power and gas utility posted better-than-expected third-quarter profit but revenue that fell short of estimates.
Bloomin Brands (NASDAQ: BLMN) stock fell 6.7% after the Outback Steakhouse parent cut its full-year guidance to reflect a soft dining environment.
Enbridge (NYSE: ENB) stock rose 1.2% after the pipeline operator beat third-quarter profit estimates, benefiting from transporting higher volumes of oil.
