Spotify (SPOT) – The music streaming service reported a wider-than-expected quarterly loss, although its revenue did beat analyst forecasts. The number of premium subscribers jumped by 24% to a better-than-expected 155 million. The stock fell 7% in premarket trading as of 7:32 a.m. ET.
Capri Holdings (CPRI) – The company behind Michael Kors and other luxury brands earned $1.65 per share for its latest quarter, beating the consensus estimate of $1.01 a share. Revenue came in below forecasts, however, due in part to coronavirus-related closures in major European markets. The shares added 7% in premarket trading as of 7:32 a.m. ET.
