Stocks Rise on Earnings Beats from Ralph Lauren and Biogen, Warner Bros. Discovery Disappoints
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Pre-market indices are climbing again, with the Dow +45 points and Nasdaq +6 points. Dow on longest winning streak since July.
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Ralph Lauren beat earnings and revenue estimates in fiscal Q2 results. Added 1.3M new direct-to-consumer subscribers.
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Warner Bros. Discovery missed bottom line estimate with -17 cents per share. Revenues topped forecasts at $9.97B.
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Biogen Q3 results beat estimates with $4.36 EPS and $2.53B revenue. MS treatments accounted for $1.16B revenue.
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After close, earnings from Disney, Arm Holdings, MGM Resorts. Disney+ vs streaming rivals will be notable.