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Stocks - Exxon Mobil, Pinterest Rise Premarket; Square, Tesla Fall

Published 08/02/2019, 08:16 AM
Updated 08/02/2019, 08:18 AM
© Reuters.

Investing.com - Stocks in focus in premarket trading on Friday:

Exxon Mobil (NYSE:XOM) stock rose 0.7% in premarket trade by 8:15 AM ET (12:15 GMT) after its earnings beat analyst expectations, as its upstream liquids production grew by 8% from a year earlier.

• Pinterest (NYSE:PINS)stock gained 15.3% after it hit 300 million users for the first time and increased its revenue forecast for the year.

• Aphria (TSX:APHA) stock surged 31.5% after the medical cannabis company posted a surprise profit in its fiscal fourth quarter.

• Tesla (NASDAQ:TSLA) stock slipped 1.3% on news that the electric car maker is being sued again for a fatal crash involving its autopilot program.

• Square (NYSE:SQ) stock slumped 9.1% after it lowered its forecast for earnings in the third quarter. The company’s second-quarter earnings and revenue were better than expected.

• Restaurant Brands (NYSE:QSR) inched up 0.3% after the parent company of Burger King, Popeyes, and Tim Hortons reported earnings above forecasts, due to increased traffic at Burger King.

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