Stocks making the biggest premarket moves: Tapestry, Credit Suisse, Disney and more

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CNBC: Coach Store Harry Reid International Airport
A Coach store inside Harry Reid International Airport.

Check out the companies making the biggest moves in premarket trading:


Hilton Worldwide

Credit Suissefourth-quarter and annual loss that missed estimates and said it is expecting another “substantial” full-year loss in 2023. Credit Suisse slumped nearly 8% in premarket trading.

PepsiCofourth-quarter earnings and revenue before the bell that beat expectations, thanks to price hikes that boosted sales. It also announced a 10% increase in its annualized dividend. Pepsi gained nearly 2% in the premarket.


Disneyompany’s better-than-expected earnings report. Disney reported a smaller-than-expected drop in subscribers, as well as a beat on the top and bottom lines. CEO Bob Iger, who returned to the company in November, also announced that Disney would be slashing 7,000 jobs as part of a broader cost-cutting and restructuring plan.

Affirmearnings and revenue miss Wednesday. Affirm also announced layoffs of 19% of the workforce and was subsequently downgraded by RBC Capital Markets to sector perform from outperform.

Mattelfourth-quarter results that missed analyst estimates due to sagging holiday sales. Mattel’s adjusted earnings per share was 18 cents, compared to the 29 cents expected, per Refinitiv, while revenue was $1.4 billion versus the $1.68 billion expected.


Wynn Resorts

MGM Resorts International

— CNBC’s Jesse Pound, Michael Bloom and Hakyung Kim contributed reporting.

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