Investing.com -- Stocks in focus in premarket trade on Thursday, 19th December. Please refresh for updates.
- Earnings per share of $2.09 were 4.5% above consensus forecasts. Revenue of $11.36 billion was also ahead of expectations but it was the guidance range for the current quarter, with a midpoint of $10.9 billion, that disappointed.
- Micron Technology (NASDAQ:MU) stock rose 3.5% to a five-month high after saying that the current quarter would represent the bottom of the current cycle for chipmakers.
- The company reported a fifth straight quarter of double-digit percentage declines in revenue after the bell on Wednesday. Operating profit also fell sharply.
- Match Group (NASDAQ:MTCH) stock rose 2.5% and InterActiveCorp (NASDAQ:IAC) stock rose 1.3% after the two companies said they would separate.
- Darden Restaurants (NYSE:DRI), the owner of chains such as Olive Garden and LongHorn Steakhouse, fell 3.4% to a six-week low despite reporting earnings and revenue broadly in line with forecasts and upholding its guidance for the fiscal year.