Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Stocks - Facebook, Twitter Drop in Pre-market; SecureWorks, Coupa Surge

Published 09/05/2018, 08:35 AM
Updated 09/05/2018, 08:35 AM
© Reuters.  Stocks in focus in pre-market trade on Wednesday.

© Reuters. Stocks in focus in pre-market trade on Wednesday.

Investing.com - Stocks in focus in pre-market trade Wednesday:

• Facebook (NASDAQ:FB) stock and Twitter (NYSE:TWTR) stock fell 0.39% and 0.55%, respectively, by 8:09 AM ET (12:09 GMT) as the companies sent executives to defend their business practices before Congress on Wednesday. Facebook Chief Operating Officer Sheryl Sandberg will argue that the company has improved its crackdown on election interference, while Twitter Chief Executive Jack Dorsey will deny that its operations are influenced by politics.

• RH (NYSE:RH) sank 5.07% as second-quarter sales missed estimates and the company lowered its full-year revenue guidance.

• Caleres (NYSE:CAL) tumbled 9.61% after mixed quarterly earnings, while comparable sales for its brand Famous Footwear rose less than forecast.

• Workday (NASDAQ:WDAY) stock lost 3.09% despite better-than-expected second-quarter results as its chief financial officer warned that the recent acquisition of Adaptive would case full-year margins to drop 300 basis points.

• Coupa Software (NASDAQ:COUP) surged 15.28% as the company unexpectedly reported a profit, surprising analysts that had forecast a loss.

• Secureworks (NASDAQ:SCWX) stock jumped 6.83% as the company beat consensus with second-quarter results and raised its full-year outlook.

• HD Supply Holdings (NASDAQ:HDS) stock jumped 1.73% after the company reported second-quarter results that topped consensus.

• JetBlue Airways (NASDAQ:JBLU) stock rose 0.16% as the company raised its third-quarter unit revenue guidance.

• SS&C Technologies (NASDAQ:SSNC) stock rose 0.44% after a Reuters report that the company was nearing a roughly $2 billion deal to acquire Intralinks.

Latest comments

agreed
agreed
facebook and twitter are clearly left wing biased. The stocks will continue to suffer as they cherry pick free speech.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.