MGM Resorts, Sonos rise; Mattel, Affirm Holdings fall

Feb 9, 2023, 2:24 PM | Updated: 2:56 pm

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday:

The Walt Disney Co., down $1.42 to $110.36.

The media and amusement park giant announced layoffs and a cost-savings plan.

Affirm Holdings Inc., down 2.73 to $13.29.

The digital commerce platform cut its revenue forecast for the year.

Mattel Inc., down $2.19 to $18.31.

The maker of Barbie and Hot Wheels slashed its profit forecast for the year.

AppLovin Corp., up $3.43 to $16.11.

The mobile app technology company gave investors an encouraging revenue forecast for the current quarter.

Tapestry Inc., up $1.50 to $44.71.

The owner of the Coach and Kate Spade fashion brands reported strong fiscal second-quarter earnings.

MGM Resorts International, up $2.67 to $44.10.

The owner of the Bellagio, Luxor and other Las Vegas casinos reported strong fourth-quarter revenue.

Sonos Inc., up $2.94 to $20.80.

The maker of wireless speakers and home audio equipment handily beat analysts’ fiscal first-quarter profit forecasts.

Sumo Logic Inc., down 28 cents to $11.90.

Francisco Partners is buying the software company for about $1.7 billion.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


(Facebook Photo/Superior Court of Arizona in Yavapai County)...
Associated Press

Arizona judge has cases reassigned following DUI arrest

The Arizona Supreme Court has ruled that all cases currently assigned to a Yavapai County Superior Court judge recently arrested on suspicion of extreme DUI will be reassigned to other judges.
20 hours ago
Haitian migrant Gerson Solay, 28, carries his daughter, Bianca, as he and his family cross into Can...
Associated Press

US, Canada to end loophole that allows asylum-seekers to move between countries

President Joe Biden and Canadian Prime Minister Justin Trudeau on Friday announced a plan to close a loophole to an immigration agreement.
4 days ago
Expert skateboarder Di'Orr Greenwood, an artist born and raised in the Navajo Nation in Arizona and...
Associated Press

Indigenous skateboard art featured on new stamps unveiled at Phoenix skate park

The Postal Service unveiled the “Art of the Skateboard" stamps at a Phoenix skate park, featuring designs from Indigenous artists.
4 days ago
(Facebook Photo/City of San Luis, Arizona)...
Associated Press

San Luis authorities receive complaints about 911 calls going across border

Authorities in San Luis say they are receiving more complaints about 911 calls mistakenly going across the border.
10 days ago
(Pexels Photo)...
Associated Press

Daylight saving time begins in most of US this weekend

No time change is observed in Hawaii, most of Arizona, Puerto Rico, the U.S. Virgin Islands, American Samoa, Guam and the Northern Marianas.
18 days ago
Mexican army soldiers prepare a search mission for four U.S. citizens kidnapped by gunmen in Matamo...
Associated Press

How the 4 abducted Americans in Mexico were located

The anonymous tip that led Mexican authorities to a remote shack where four abducted Americans were held described armed men and blindfolds.
18 days ago

Sponsored Articles

(Photo by Michael Matthey/picture alliance via Getty Images)...
Cox Communications

Valley Boys & Girls Club uses esports to help kids make healthy choices

KTAR’s Community Spotlight focuses on the Boys & Girls Club of the Valley and the work to incorporate esports into children's lives.
(Desert Institute for Spine Care photo)...

Why DISC is world renowned for back and neck pain treatments

Fifty percent of Americans and 90% of people at least 50 years old have some level of degenerative disc disease.
(Photo via MLB's Arizona Fall League / Twitter)...
Arizona Fall League

Top prospects to watch at this year’s Arizona Fall League

One of the most exciting elements of the MLB offseason is the Arizona Fall League, which began its 30th season Monday.
MGM Resorts, Sonos rise; Mattel, Affirm Holdings fall