Disney, Twilio Stocks Surge as Topgolf, Krispy Kreme Dip in Fourth-Quarter Earnings Reports
Disney beats Wall Street's earnings forecasts and Twilio offers strong profit forecast, while Topgolf and Krispy Kreme report disappointing financial results and cut revenue forecasts.
- Walt Disney Co. saw its stock price rise by $6.39 to $90.89 as it beat Wall Street's fiscal fourth-quarter earnings forecasts, indicating a strong performance.
- Twilio Inc.'s shares also increased by $1.59 to $57.40 after giving investors a strong profit forecast, signaling an uptick for the communications software company.
- Shares in Topgolf Callaway Brands Corp. fell by $1.75 to $10.70 after the maker of golf equipment and accessories cut its profit and revenue forecasts for the year.
- Krispy Kreme Inc.'s stocks also dipped, going down by $1.01 to $12.43 after the doughnut shop chain reported disappointing third-quarter financial results.
- Apart from Disney and Twilio, other companies like Affirm Holdings Inc., Bloom Energy Corp., and Duolingo Inc. reported positive earnings and revenue, leading to an increase in their respective shares.
Washington Post 
Associated Press 