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Stocks - Fitbit, Teva, DowDuPont Jump in Pre-market; Wayfair, Spotify Plunge

Published 11/01/2018, 08:27 AM
Updated 11/01/2018, 08:40 AM
© Reuters.

© Reuters.

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

· Fitbit (NYSE:FIT) shares soared 12% as of 7:50 AM ET (11:50 GMT), after the company beat earnings and revenue expectations for the third quarter. The fitness tracker manufacturer also gave guidance for fourth-quarter earnings that exceeded analysts' estimates.

· Teva Pharma (NYSE:TEVA) shares gained 5.2% after the company reported third-quarter profit and revenue beats and raised its 2018 outlook. Teva's revenue from other activities also came in above the consensus.

· Shares of DowDuPont (NYSE:DWDP) rose 4.3% after the agriculture and materials sciences company reported third-quarter earnings that beat expectations and announced a new $3 billion stock repurchase program.

· Wayfair (NYSE:W) shares plunged 13% after the home furnishings e-commerce company reported a wider-than-expected third-quarter loss.

· Spotify (NYSE:SPOT) saw shares fall 4% in volatile trade after the world's most popular paid music streaming service reported a modest increase in premium subscribers for its third quarter, while revenue and gross margins were roughly in line with market expectations.

· Shares of Allstate (NYSE:ALL) slumped more than 3% after the insurance giant released a mixed quarterly earnings report. Third-quarter earnings missed analyst's expectations, but revenue came in above forecasts.

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