Investors observed several companies making headlines before the opening bell on Friday. Apple saw a near 2.4% drop in premarket trading, despite reporting a higher-than-expected EPS figure for the fiscal third quarter. Revenue was down 1% on a year-over-year basis, however, indicating a third consecutive quarter of declines in hardware sales. Block, formerly known as Square, also saw a 5% premarket crunch, despite announcing second-quarter figures above expectations. Coinbase's stock price dropped 1.5%, despite the crypto exchange posting a narrower-than-anticipated Q2 loss. Amazon saw a 9% boom following strong second-quarter numbers and a buoyant revenue guidance for the current period. Booking Holdings soared 12% after revealing a growth in gross bookings for the third quarter, with its second-quarter adjusted earnings and revenue exceeding estimates. Nikola experienced a 1.9% rise after securing shareholder approval to issue new stock for the rollout of a fuel-cell-powered electric semitruck and hydrogen refueling network. Fortinet, meanwhile, tumbled 18.8% after providing mixed results and guidance. Tupperware Brands saw a 56% premarket jump, thanks to a debt restructuring deal that will offer the container manufacturer access to revolving borrowing capacity. Opendoor Technologies suffered a 10.3% decrease after issuing weaker-than-expected third-quarter revenue guidance. Finally, investors seem bullish on DraftKings, sending its stock up 12% in the wake of better-than-expected second-quarter results.
top of page
bottom of page
Comments