Michael Kors surges on beat, Avis plummets on miss, McDonald's big China expansion

Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.

Michael Kors (KORS) is among the standouts. The stock soared in early trading after the clothing and accessories company lifted its revenue outlook for the year. Quarterly profits and revenue fell from a year ago, but it was still enough to beat Wall Street’s estimates. Just last month, Michael Kors said it was buying luxury shoemaker Jimmy Choo (CHOO.L).

Avis (CAR) shares hit a pothole this morning. The car rental company slashed its profit outlook for the year after it delivered a miss on both its top and bottom lines for the second quarter. Ride hailing companies continue to threaten the rental car industry business model. Rival Hertz (HTZ) is due to report quarterly results after the close of trading.

Twilio (TWLO) shares surged this morning. The cloud-computing firm posted a smaller-than-expected loss for last quarter. Revenue also came in much better than expected, jumping 49% from a year ago as it signed up more companies to use its platform.

McDonald’s (MCD) is also on investors’ watch list. The fast food behemoth is planning on nearly doubling the amount of restaurants it has in China to 4,500. The company’s CEO Steve Easterbrook says China will soon be the fast food chain’s biggest market outside of the U.S.

By using Yahoo you agree that Yahoo and partners may use Cookies for personalisation and other purposes