08:58 AM EDT, 08/07/2024 (MT Newswires) -- Consumer shares were advancing pre-bell Wednesday, with the Consumer Staples Select Sector SPDR Fund ( XLP ) up 0.3% and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) 0.6% higher recently.

Warner Music Group ( WMG ) shares were up 4.1% after it reported fiscal Q3 earnings Wednesday of $0.27 per diluted share, compared with $0.23 a year earlier.

Walt Disney ( DIS ) reported fiscal Q3 adjusted earnings of $1.39 per diluted share, up from $1.03 a year earlier. Revenue for the quarter was $23.16 billion, compared with $22.33 billion a year earlier. Shares of the company fell 2.5% in pre-bell activity.

Stride (LRN) shares rose 5.4% after the company reported higher results for fiscal Q4.