Cisco, Walt Disney and DraftKings Rise Premarket

Stocks in focus in premarket trade on Friday, November 13th.

Walt Disney stock rose 3.7% after the entertainment company’s rapidly growing streaming video business, with 73 million paid subscribers, helped offset a second consecutive quarterly loss, The pandemic continued to ravage core businesses like theme parks and movie distribution.

Palantir stock dropped 2.9% after the data analytics company reported a wider-than-expected third-quarter loss, hit by one-off costs associated with its direct listing on the New York Stock Exchange. That said, the company still raised its annual guidance for the year.

Cisco stock rose 7.1% after the tech giant reported a smaller-than-expected drop in first-quarter revenue, helped by more people working from home during the pandemic.

Applied Materials stock rose 2.8% after the chip-maker supplier beat expectations with its quarterly results and provided positive guidance.

JetBlue stock rose 1.5% after the low-cost airline announced it would raise its capacity to 85% for the holiday season, before opening all previously blocked seats in early January, citing increased evidence that cabins are safer from the spread of coronavirus.

DraftKings stock rose 10% after the sports bettor reported better than expected third-quarter results, with monthly unique payers surpassing one million.

Revlon stock dropped 8.2% after the cosmetics maker reported a third-straight quarterly loss and a 20% sales decline.

Farfetch stock soared 14% after the online luxury goods seller reported a smaller third-quarter loss than expected, with revenues also beating previous estimates.

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