Spotify Rises, Tyson Foods Gains, Waifair Up After Solid Earnings Beat
On this episode of Stock Movers:
- Spotify (SPOT) shares rise after the company raised premium subscription prices across many markets outside the US. Last week, Spotify had a disappointing earnings release, showing a 2Q loss due to high-than-expected expenses related to employee compensation.
- Tyson Foods (TSN) shares gain. Tyson raised its earnings forecast after quarterly profit unexpectedly rose. A boom in US chicken continues to offset losses in the beef business. - Waifair (W) shares are up after a solid 2Q beat, with adj. EPS at 87c way above estimates for 33c. Bloomberg Intelligence says results suggest the worst is behind and the home-furnishing retailer may be on an upward trajectory.
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