Skip to main content
The Markets by Proactive
Go to Proactive UK
Proactive UK has moved. Proactive’s coverage of London’s small caps continues on proactiveinvestors.com Go there →
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Pharma & Biotech

EARLY MOVERS: Handbag maker Michael Kor swings lower after 2Q disappoints and Zillow Group also slumps

Also in the frame before the New York bell is popular online craft group ETSY Inc and Twilio Inc

Wall Street shares are seen starting positively and plenty of stocks are in the frame before the New York bell.

One of them is real estate data group Zillow Group Inc (NASDAQ:ZG), which saw shares plunge over 20% to $32.32 each in before-the-bell trade.

It came as the Seattle-based company fell short of analyst expectations, with $343 million in revenue last quarter, despite that being 22% up year-on-year.

Meanwhile, non-GAAP earnings per share (EPS) came in at $0.18, while Wall Street had expected EPS of $0.17 on revenue of $344 million.

Meanwhile, Twilio Inc (NYSE:TWLO) went the other way, and added over 18% to $83.98.

The cloud software group unveiled third quarter results, which beat expectations and also provided guidance that topped analysts' estimates.

Earnings came in $0.07 per share, not including certain items, versus $0.02 cents per share as expected by analysts.

Elsewhere, Etsy Inc (NASDAQ:ETSY) plunged over 13% to $45.95 as the online crafting site beat Wall Street estimates and raised its outlook.

Etsy shares surged 11% after hours, following a 4% decline to close at $40.43 on Tuesday.

The group said it expects for the year as a whole, revenue of between $596 million and $600 million, while analysts expect $595.4 million.

Finally, fashion group and handbag seller Michael Kors (NYSE:KORS) shares slumped over 11% to $50.99 in before the bell deals.

The group recorded weaker sales at stores in Europe during the second quarter - the first time in almost two years that Kors missed analysts' quarterly revenue expectations.

Total revenue rose 9.3% to $1.25 billion, which slightly missed analysts' average estimate for $1.26 billion for the period.

Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK