By Geoffrey Smith
Investing.com -- Stocks in focus in premarket on Wednesday, February 12th. Please refresh for updates.
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8:20 AM ET: Shopify (NYSE:SHOP) stock rose 8.0% to a new all-time high after the Canadian online retailer beat sales expectations for the fourth quarter and forecast 2020 revenue would also be above consensus estimates.
Shopify had a particularly impressive Thanksgiving weekend, with worldwide sales of over $2.9 billion between Black Friday and Cyber Monday, up over 60% from a year earlier.
- 8:08 AM ET: Lyft (NASDAQ:LYFT) stock was down 5.2% after the company failed to revise its guidance in line with Uber’s, despite a set of quarterly numbers that matched or beat expectations on all notable operational and financial items.
- Lyft (NASDAQ:LYFT) didn’t change its guidance that it would be profitable by the end of 2021. By contrast, Uber (NYSE:UBER) – which consistently failed to meet its own financial targets in the last couple of years – promised last week to be profitable on an underyling basis by the end of this year.
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